Federal Reserve holds interest rates steady for third straight meeting
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Federal Reserve to announce what may be the final rate decision under Powell - ABC7 New York.
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CBS News MoneyWatch correspondent Kelly O'Grady has more.
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central bank's statement, the most in nearly 34 years, as it prepares for a new chairman and contends with economic turmoil.
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The Fed's April policy meeting is likely to be Jerome Powell's last as chair, with his term ending May 15.
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The Federal Reserve is keeping interest rates paused.
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Summary
**Summary:** The Federal Reserve held interest rates steady for a third consecutive meeting, despite concerns about rising inflation. This decision comes as Jerome Powell's term nears its end. **Why It Matters:** The Fed's rate decision is significant because it reflects the central bank’s ongoing efforts to manage economic conditions while navigating through Powell
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