Fed Chair Jerome Powell Faces Trump's Pressure: 'The President Can't Fire Me' As Interest Rates Hold Steady At 4.25%-4.5%

The Federal Reserve just held interest rates steady at 4.25% to 4.5% in its latest policy meeting on Jan. 29. No surprises here—investors saw that coming, especially with inflation cooling and job growth staying strong. After three rate cuts last year, the Fed is playing it cautious.