📰 Federal Reserve Holds Interest Rates Steady Amid Economic Uncertainty #powell

On May 7, 2025, the Federal Reserve announced its decision to maintain the federal funds rate at 4.25% to 4.5% for the third consecutive meeting. This decision comes amidst growing concerns over the economic impact of recent U.S. tariff policies. Fed Chair Jerome Powell highlighted increased risks of higher inflation and unemployment, attributing these concerns to the potential fallout from ongoing trade tensions. The central bank emphasized its commitment to data-driven decisions while monitoring the evolving economic landscape.