Event Overview
Fed to announce what may be the final rate decision under Powell
The Federal Reserve is set to announce its latest interest rate decision, which may be the final one under Chair Jerome Powell. The decision comes as gasoline prices in the U.S. reach their highest levels in four years. Currently, the benchmark lending rate is in a range of 3.5-3.75%, and some Fed officials have cited elevated energy prices as a concern. Powell's term as chair is set to expire on May 15, 2026, raising questions about his future role at the Fed.
The Federal Reserve's decision on interest rates could significantly impact borrowing costs for consumers and businesses, especially as inflation concerns rise due to high gasoline prices, as reported by ABC News.
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Fed to announce what may be the final rate decision under Powell
The announcement may be the final rate move under Fed Chair Jerome Powell. The Federal Reserve on Wednesday will issue its latest announcement on interest rates as gasoline prices in the U.S. reach their highest level in four years. The move marks what may be the central bank's final decision on borrowing costs under.
The quiet visual cue Powell employs to reinforce the Fed’s independence
Federal Reserve Jerome Chairman Jerome Powell said he will stay at the central bank until the Department of Justice completes its criminal investigation. Experts and analysts are scrutinizing every recent signal from Federal Reserve Chair Jerome Powell amid heightened tensions with President Donald Trump, right down.
New Fed chair, same reality: Imminent rate cuts are unlikely, even if Warsh takes the helm
The Federal Reserve on Wednesday kept interest rates unchanged for a third consecutive meeting, with some policymakers citing still-elevated energy prices due to the US-Israeli war with Iran. Fed officials kept the benchmark lending rate in a range of 3.5-3.75%, in what is expected to be Jerome Powell’s final meeting.
Will Jerome Powell stick around at the Fed? Here’s what insiders told us
Federal Reserve Chair Jerome Powell is no stranger to tough decisions, but now he faces one of his toughest and most personal calls yet: Leave the stage or stick around in a supporting role once his replacement takes the helm of the US central bank. Powell’s term as Fed chair expires on May 15, but his separate term.