The Federal Reserve is keeping interest rates unchanged for now, but as many as two interest rate cuts could occur later this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.

In support of our goals, today the Federal Open Market Committee decided to leave our policy interest rate unchanged. We ...

Federal Reserve officials agreed to hold interest rates steady on Wednesday but suggested they could cut them later this year.

Trump named Powell to the position back in 2018, but has been a fierce critic this year. Interest rates remain at an elevated 4.25% to 4.50% even as inflation has fallen near the Fed’s 2% target rate.

Wall Street stocks treaded water Wednesday after the Federal Reserve met expectations and kept interest rates steady while ...

Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by ...

The Federal Reserve kept interest rates unchanged Wednesday as it continues to gauge the fallout from President Donald ...

Federal Reserve Chairman Jerome Powell is holding a press conference following a two-day policy meeting in which the Fed decided to hold interest rates steady. The Federal Reserve noted that ...

Federal Reserve Chair Jerome Powell declines to increase interest rates during a news conference. "90% of the people who come ...

The federal funds rate remains unchanged at 4.25percent to 4.5 percent. The Fed last cut interest rates in December but since then, and despite increasing pressure from Donald Trump, Powell has ...

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to ...