Federal Reserve officials held interest rates steady, pausing to assess the inflation outlook following a string of rate reductions last year. TheFederal Open Market Committeevoted unanimously on Wednesday to keep the federal funds rate in a range of 4.25%-4.5%, after lowering rates by a full percentage point in the final months of 2024.
Highlights from press conference:
Chair Jerome Powell says there is no rush to cut rates
Fed is waiting to see how Trump’s policies impact the economy
Inflation is solid
Powell has not met with President Trump
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