Fed leaves rates unchanged at Jerome Powell's final meeting as chairman
CoinDesk
The Federal Reserve kept interest rates steady at 3.50%-3.75% as Jerome Powell concludes his term and Kevin Warsh prepares to take over.Summary
The U.S. Federal Reserve maintained its benchmark interest rate at 3.50%-3.75% during its latest meeting, balancing concerns over persistent inflation against cooling economic growth. This meeting serves as the final session under Jerome Powell, whose term concludes on May 15. The Senate Banking Committee has already cleared Kevin Warsh for the chairmanship, positioning him to lead the next meeting in June. Markets are currently monitoring the impact of rising oil prices on economic policy, as global tensions influence both inflation risks and energy costs.
(Source：CoinDesk)