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News Wire / economy

Federal Reserve Maintains Interest Rates

WAMU 88.5 DC Washington D.C. 14d14d Impact 8

Jerome Powell plans to remain on the Federal Reserve's governing board for a period of time after his term as chairman expires in mid-2026. One analyst suggested the Fed needs to implement rate cuts from the current position. The Federal Reserve's interest rate decision is impacting small businesses and middle-class consumers in the U.S. Analysts suggest even small adjustments to the cost of money could assist these groups. Powell made the announcement following criticism from President Trump. The committee vote was divided, with one member voting for a rate cut and three others leaning in the opposite direction. Powell noted that interest rate policy is set by a committee of 12 and can be contentious during economic uncertainty. The source cited the war on Iran as a factor causing sharp jumps in energy prices.

Jerome Powell plans to remain on the Federal Reserve's governing board for a period of time after his term as chairman expires in mid-2026. One analyst suggested the Fed needs to implement rate cuts from the current position. The Federal Reserve's interest rate decision is impacting small businesses and middle-class consumers in the U.S. Analysts suggest even small adjustments to the cost of money could assist these groups. Powell made the announcement following criticism from President Trump. The committee vote was divided, with one member voting for a rate cut and three others leaning in the opposite direction. Powell noted that interest rate policy is set by a committee of 12 and can be contentious during economic uncertainty. The source cited the war on Iran as a factor causing sharp jumps in energy prices. This marks the first time since 1948 that an outgoing chairman will keep their seat on the board. Four FOMC members dissented from the decision to hold rates, the highest number of dissenting votes since 1992. Powell confirmed he will remain on the Fed Board until 2028 and will not act as a shadow chair. Three of the 12 voting officials dissented in favor of removing references to a future rate cut.

Topics

Federal Reserve Jerome Powell monetary policy

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Sources · 7 independent

WAMU 88.5 DC

“Powell plans to remain on the Fed's governing board for a period of time after his term as chairman expires in the middle of next.”

WNYC 93.9 FM

“Powell plans to remain on the Fed's governing board for a period of time.”

WAMU 88.5 DC

“after his term as chairman expires in the middle of next. is unusual. Fed shares usually walk away from the central bank when their term is done”

WGN Radio 720

“The open market committee was sharply divided with a vote to keep the rate unchanged 8 to 4. That chair Jerome Powell telling reporters after the meeting, he'll stay on the Fed Board of Governors once his term as chair ends.”

WNYC 93.9 FM

“to remain on the Fed's governing board for a period of time.”

WBUR Boston

“Justice Department even launched a criminal investigation of Powell and his colleagues. Pal, says he's going to stick around for some unspecified period of time as a kind of shield for the Fed's independence.”

Bloomberg Radio

“The Federal Reserve, our other major story in Washington, leaving interest rates unchanged today while revealing a deepening division over the outlook for policy.”

WBUR Boston

“pope, but Powell says he's not going to do anything to overshadow. the incoming chairman i plan to keep a low profile as a governor”

WAMU 88.5 DC

“Pal and his colleagues voted today to hold their benchmark interest straight steady. It was a divided committee.”

YTN Radio

“위원 4명이 총 반대를 의견을 밝혔는데, 이렇게 4명이나 반대 의견을 밝힌 건 지난 1992년 이후 약 34년 만입니다.”

YTN Radio

“제롬 파월 Fed 의장은 FOMC 회의를 마친 뒤 의장으로서 마지막 기자회견이라면서 의장 임기 종료 이후에도 연준에 대한 조사가 확실하게 끝날 때까지는 연준 이사로”

WTOP Washington DC

“with us Jerome Powell revealed today. He will stay on at the”

WTOP Washington DC

“Jerome Powell revealed today. He will stay on at the Central Bank, even after his term as Federal Reserve Chair ends next month. And he will not step aside from the Fed, he says, until it's clear, the Department of Justice's investigation into him is”

SBA Al-Ekhbariya

“the US Federal Reserve decided to keep short-term interest rates stable at a range of 3.5 to 3.75 in a step that came in line with market expectations”

YTN Radio

“The Fed will continue to perform its role based on objectivity, honesty, and the reality for Americans, and we urge you to protect the political independence of the Fed. With this decision to freeze interest rates, the interest rate differential between Korea and the US will be maintained at 1.25 percentage points. Fed Chair Jerome Powell expressed concern that the Iran war is causing great uncertainty in the US economy.”

YTN Radio

“With this decision to freeze interest rates, the interest rate differential between Korea and the US will be maintained at 1.25 percentage points. Fed Chair Jerome Powell expressed concern that the Iran war is causing great uncertainty in the US economy.”

YTN Radio

“파월를 연준 의장은 이란 전쟁이 미국 경제의 큰 불확실성을 초래하고 있다고 우려했습니다. ... 제롬 파월미 연준 의장입니다.”

YTN Radio

“파월를 연준 의장은 이란 전쟁이 미국 경제의 큰 불확실성을 초래하고 있다고 우려했습니다.”

NBC News Radio

“Jerome Powell said recent economic activity is expanding at a solid pace but war in the Iran war has led to a lot of economic uncertainty.”

Bloomberg Radio

“The Fed left rates unchanged, signaling it could still cut rates in coming months that attracted the most dissents since October of 1992.”

Business FM Russia

“заседаниях регулятор также сохранил ставку без изменений. После объявления итогов ФРС, обиживая”

Business FM Russia

“заседаниях регулятор также сохранил ставку без изменений.”

C-SPAN Radio

“Federal funds rate unchanged at its current range of 3.5 to 3.75 percent. The move follows the central bank's decision to hold rates steady in January and March.”

C-SPAN Radio

“Federal funds rate unchanged at its current range of 3.5 to 3.75 percent.”

Business FM Russia

“заседаниях регулятор также сохранил ставку без изменений. После объявления итогов ФРС”

C-SPAN Radio

“rates unchanged. Fed Governor Stephen Myron dissented in favor of a 25.”

WTOP Washington DC

“Well, first of all, I think the fact that he enumerated today, the nation's been through four supply shocks to avoid”

C-SPAN Radio

“Fed Governor Stephen Myron dissented in favor of a 25 toward our maximum employment and 2% inflation goals. The Dow down 280 Nasdaq up 9 S&P down 2.”

C-SPAN Radio

“rates this time was 11 to 1, CNBC writes the meeting saw.”

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