Federal Reserve has held its benchmark interest rate
The nation’s political and legal institutions are also focused on the future of U.S. monetary policy.
At its first policy meeting of the year, the Federal Reserve has held its benchmark interest rate steady after three cuts last year, signaling a pause while officials assess the economy. The decision comes as the Justice Department investigates Fed Chair Jerome Powell over a building renovation project, an inquiry he has described as a pretext to weaken the central bank’s autonomy.
