{"id":613839,"date":"2026-04-29T19:55:09","date_gmt":"2026-04-29T19:55:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/613839\/"},"modified":"2026-04-29T19:55:09","modified_gmt":"2026-04-29T19:55:09","slug":"fomc-updates-fed-holds-interest-rates-powells-last-fed-meeting","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/613839\/","title":{"rendered":"FOMC Updates: Fed Holds Interest Rates, Powell’s Last Fed Meeting"},"content":{"rendered":"

It’s the third Fed day of the year \u2014 and it’s set to be Jerome Powell’s swan song.<\/p>\n

The Federal Open Market Committee announced it would hold rates steady, marking the third hold in a row. Powell’s term ends on May 15, making this meeting his last, pending the confirmation of Kevin Warsh<\/a>, Trump’s nominee to be the next Fed chair. <\/p>\n

The meeting also comes amid a new development in the Department of Justice probe into the Fed’s construction efforts on its DC buildings, a continued stalemate in the Strait of Hormuz, and ongoing inflation woes.<\/p>\n

Despite the coming end of Powell’s time as chair, he said he’d stay on the FOMC as a governor until he’s convinced the DOJ investigation is “well and truly over.”<\/p>\n

Business Insider will cover the news all day, including highlights from Powell’s press conference starting at 2:30 ET. Check back here for updates.<\/p>\n","protected":false},"excerpt":{"rendered":"It’s the third Fed day of the year \u2014 and it’s set to be Jerome Powell’s swan song.…\n","protected":false},"author":2,"featured_media":613840,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,20236,29370,89259,25405,101,1554,266545,24800,2402,45588,16459,14732,14222,197500,2384],"class_list":["post-613839","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-central-bank","tag-chair","tag-committee","tag-decision","tag-economy","tag-fed","tag-fomc-update","tag-governor","tag-inflation","tag-kevin-warsh","tag-meeting","tag-powell","tag-rate","tag-supply-shock","tag-time"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/613839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=613839"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/613839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/613840"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=613839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=613839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=613839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}