#FOMCMeeting

According to an official; No FOMC official has advocated for a policy change, so the decision to maintain monetary policy should be easy.

The federal funds rate is the Fed's main tool for conducting its monetary policy and influencing the economy. It affects the interest rates at which banks lend money to each other, which in turn affects the amount of interest they charge for auto loans, credit cards, and other debts.

The Fed lowered this rate to near zero to support the economy with easy money during the pandemic, and raised it to its highest level in two decades starting in 2022 to counter a surge in inflation, keeping it at that level until the end of 2024. Last year, the Fed began lowering its rates as inflation slowed, but has kept the rate unchanged since December, after Trump's election disrupted economic outlooks.