Fed Maintains Interest Rates Amidst Economic Uncertainty

Apr 29, 2026

46 min

Apr 29, 2026 18:31

US interest rates unchanged at Fed meeting, likely Powell's last as chair

## Fed Holds Rates Steady

The U.S. Federal Reserve decided to keep interest rates unchanged for the third consecutive meeting, maintaining them between 3.50% and 3.75%. This decision comes amidst ongoing economic challenges, including rising energy prices and supply chain disruptions linked to the U.S.-Israeli conflict with Iran.

## Divided Opinions

The decision to hold rates steady was not unanimous. Four out of twelve voting officials dissented, marking the highest level of disagreement since 1992. Stephen Miran advocated for a quarter-point rate cut, while Beth Hammack, Neel Kashkari, and Lorie Logan supported maintaining current rates but opposed future rate cut signals.

## Powell's Final Meeting

This meeting is likely the last for Jerome Powell as Fed Chair, with his term ending on May 15. The focus now shifts to confirming his successor, Kevin Warsh, nominated by President Trump. The Senate Banking Committee has advanced Warsh's nomination, moving him closer to full Senate confirmation.

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