Federal Reserve Keeps Interest Rates at 3.6 Percent While Chair Jerome Powell Remains in Power

The Federal Reserve kept interest rates at 3.6 percent while signaling a single cut later this year.Chair Jerome Powell announced he would remain in his role past his May term expiration if needed.This decision follows a judicial ruling blocking DOJ subpoenas against Powell regarding an inquiry.The central bank is navigating high energy prices and a cooling labor market amid global conflicts.
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