Fed Holds Rates Steady Amidst Tariff Concerns: Powell Signals ‘Meaningful’ Inflation Ahead and Prolonged Fight for Price Stability
The U.S. central bank, the Federal Reserve, announced today its decision to maintain the benchmark overnight interest rate at its current range of 4.25%-4.50%. While policymakers still project potential rate cuts later in 2025, Federal Reserve Chair Jerome Powell issued a stark warning: the looming threat of new import tariffs by the Trump administration is […]