#Jerome Powell

President Donald Trump is set to name his pick to succeed Jerome Powell as Fed Chair. The decision will have massive implications for global financial markets and monetary policy.

The Federal Reserve held interest rates steady but reduced its forecast for 2026 rate cuts, signaling a "higher for longer" stance. Here's what Jerome Powell said and what it means for your portfolio.

The U.S. Federal Reserve held interest rates steady at 5.5-5.75% and signaled fewer rate cuts in 2026. Chair Powell pushed back against market expectations, causing stocks to fall.

The U.S. Federal Reserve holds interest rates at 5.25%-5.50% for the fourth straight meeting. Officials project three rate cuts in 2026 but emphasize the need for more confidence in falling inflation.