The Federal Reserve has paused interest rate cuts , leaving its key rate unchanged at about 3.6% after lowering it three times last year. NewsNation’s Alicia Nieves lays out what the decision means for everyday Americans. Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
Federal Reserve Chair Jerome Powell gives remarks Wednesday afternoon after the nation's central bank opted to keep short-term interest rates steady between 3.5 and 3.75 percent.
AI:Federal Reserve Chair Jerome Powell delivered remarks following the central bank's decision to hold short-term interest rates steady at a range of 3.5 to 3.75 percent. This move to maintain current levels reflects ongoing economic stagnation and serves as a continuation of the Federal Reserve's recent trend of pausing rate cuts to assess economic conditions. The decision keeps borrowing costs elevated for American citizens even as President Trump prepares to transition leadership at the Fed by nominating Kevin Warsh to replace Powell.Open
