Fed holds interest rates steady even as inflation remains high

The U.S. central bank left borrowing costs unchanged this month after hiking rates in September for the first time in three years.

• Updated 25m ago

Alan Greenspan, Fed chair under 4 U.S. presidents, dies at age 100

Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.

• Jun 22

Fed unlikely to cut interest rates until 2027, Bank of America says

A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.

• May 8

What Kevin Warsh as new Federal Reserve chair could mean for the economy

The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.

• Jan 30

Trump nominates Kevin Warsh as next Federal Reserve Board chair

President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.

• Jan 30

Powell says the Fed was served DOJ subpoenas over building renovations

The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.

• Jan 12

Hiring surged in June, shrugging off economic worries

Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.

• Jul 3, 2025

Federal Reserve hikes key interest rate by another 75 basis points

The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.

• Jul 27, 2022