'If Warsh isn't confirmed by May…': Fed keeps rates unchanged, Powell signals he won’t step down yet
Jerome Powell delivers a high-stakes message as the Federal Reserve holds interest rates steady at 3.5%-3.75% for the second straight meeting. While signalling that a rate cut could still be on the table in 2026, Powell underscores growing uncertainty driven by inflation pressures and global instability, including the economic fallout tied to the Iran war.
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