The Federal Reserve holds interest rates steady as inflation remains stubborn

The Fed held interest rates steady as it continues to combat inflation. President Trump wants to see lower rates, but some of his policies could fuel more price hikes.

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Jan 29, 2025 - 12:08
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The Federal Reserve holds interest rates steady as inflation remains stubborn
The Federal Reserve held its benchmark interest rate steady Wednesday. The central bank has signaled it will be cautious about cutting rates so long as inflation remains elevated.

The Fed held interest rates steady as it continues to combat inflation. President Trump wants to see lower rates, but some of his policies could fuel more price hikes.

(Image credit: Andrew Caballero-Reynolds)

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