Federal Reserve holds interest rates steady as Chair Powell pledges to remain through investigation
Federal Reserve Monetary Policy·March 18 – March 18, 2026
26 days ago
Federal Reserve holds interest rates steady as Chair Powell pledges to remain through investigation
The Federal Open Market Committee (FOMC) issued a statement maintaining current interest rates during its March meeting. The board also released updated economic projections for the year. Chair Jerome Powell explained the decision in a press conference. He discussed the central bank's outlook on the economy and inflation. Powell also addressed questions about his leadership. He stated he has no intention of leaving the Federal Reserve Board while an investigation remains ongoing. This announcement clarifies his plans to stay at the Fed beyond his scheduled May departure date if a successor is not ready.
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