Inflation was a driving force behind Donald Trump’s election, but he’s put the issue on the back burner during his first week in office.

The US Federal Reserve decided to hold its key interest rate steady on Wednesday (January 29), maintaining it in the range of 4.25%-4.5%. The decision by the central bank’s Federal Open Market Committee (FOMC) came as anticipated,

“When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time,” he told NBC’s “Meet the Press. “And I won an election ...

“When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time,” he told Meet the Press. “And I won an election based on tha

At the Federal Reserve’s first meeting in 2025, consumers are going to want what Fed Chair Jerome Powell simply can’t give them: An answer to how much longer interest rates are going to stay high.

The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.

Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.

The Federal Reserve paused its interest rate cuts at its January meeting, citing unclear inflation and policy outlooks.

In a post on Truth Social, President Donald Trump vowed to stop inflation himself with regulatory cuts, increasing energy production, and rebalancing trade. “If the Fed had spent less time on DEI, gender ideology,

US stocks fall after the Fed held rates steady but suggested the inflation drop has stalled. Meta, Tesla and Microsoft report earnings after the bell.

Though the Fed and its chairman, Jerome Powell, repeatedly tout their independence from the political world, it is clear from comments from Fed officials that they believe inflati