Fed Stays Steady, and Powell Offers No Guidance on Future Rate Cuts
After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.
Chairman Jerome Powell says policy decisions are based on economic data, not the shifting winds of political discourse.
Fed policy decisions directly impact your wallet, including the interest rates on your credit cards. We’ll tell you how.
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