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Fed Holds Rates Steady Ahead of Powell Transition

The Fed wrapped up its meeting by keeping interest rates unchanged, aligning with market expectations amid a possible leadership change.

Published Apr 29, 2026, 2:55 PM EDT | WFMZZ

The Federal Reserve wrapped up what could be its last meeting under Chair Jerome Powell on Wednesday, deciding to keep interest rates unchanged. The move was in line with market predictions and comes as a potential transition in Fed leadership approaches.