Business

Federal Reserve Leaves Rates Unchanged at 1st Meeting of Trump Era

The Fed removed language regarding confidence in achieving its 2 percent inflation target.
Federal Reserve Leaves Rates Unchanged at 1st Meeting of Trump Era
Federal Reserve Chairman Jerome Powell speaks during a news conference at the end of the two-day Federal Open Market Committee (FOMC) meeting at the Federal Reserve in Washington on Jan. 29, 2025. Andrew Caballero-Reynolds/AFP via Getty Images
Andrew Moran
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In its first meeting since President Donald Trump returned to the White House, the Federal Reserve left interest rates unchanged for the first time since July, pausing its easing cycle.

Officials unanimously voted to keep the benchmark Federal Funds Rate steady at a range of 4.25 percent to 4.5 percent.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."