Markets
Fed Holds Rates Steady as Leadership Shift Looms
The US Federal Reserve kept interest rates unchanged, warning that rising energy prices could reignite inflation pressures. Jerome Powell chaired his final meeting before Kevin Warsh’s expected takeover, marking a major
The US Federal Reserve kept interest rates unchanged, warning that rising energy prices could reignite inflation pressures. Jerome Powell chaired his final meeting before Kevin Warsh’s expected takeover, marking a major transition for America’s central bank. Despite political pressure for cuts, the Fed signaled caution as oil shocks and persistent price risks cloud the outlook.