Fed Decides Against Reducing Interest Rates

The Federal Reserve has decided to keep interest rates steady, maintaining the current range at 4.25 percent to 4.5 percent. This announcement came on Wednesday, with Chairman Jerome Powell explaining that the job market remains strong and inflation is still above the Fed’s target of 2 percent.

Powell also addressed concerns about the potential effects of former President Donald Trump’s tariff plan on the economy. He noted that the outcomes are uncertain but could lead to increased inflation and higher unemployment. The overall health of the economy allows the Federal Reserve to take its time and assess how these changes may unfold.

Looking ahead, the next meeting of the Federal Reserve Board is scheduled for June, where further discussions and evaluations will take place.

Author

  • The American Drudge Report - Always Telling the Truth

    Susan Wright has spent two decades chasing the pulse of American life from an editor’s chair that never gets cold. She’s filed columns inside packed campaign buses, fact-checked policy briefs over takeout, and wrestled late-night copy until it told the truth. Her sweet spot: connecting the dots between Capitol Hill votes, kitchen-table worries, and the cultural undercurrents most headlines miss. Readers trust her for clear facts, sharp perspective, and a reminder that democracy isn’t a spectator sport. Off deadline, Susan pushes for media transparency and smarter civics—because knowing the rules is half the game, and she’s determined to keep the playbook open to everyone.