Fed holds interest rate steady as it waits to see impact of tariffs ^63%

Fox Business - By Nora Colomer - 5/8/2025, 3:26 PM

Appeal to Authority 22.7% - Attempt to Sell a Product or Service 15.1% - Optimism Bias 14.6%

The Federal Reserve is keeping rates steady at its targeted range of 4% to 4.25% and is waiting to see how President Donald Trump's administration's tariffs will impact the economy. For now, Federal Reserve Chair Jerome Powell said that the central bank is in the right place to monitor the impact tariffs will have on the economy before... more