Federal Reserve Maintains Interest Rates Amid Concerns Over Iran War and Inflation
The Federal Reserve kept its key interest rate unchanged at 3.5% to 3.75%, citing uncertainty over the economic impact of the Iran war and inflation. Chair Jerome Powell will remain on the Fed's board of governors after his term as chair ends. The decision reflects a cautious stance as the Fed monitors the effects of the conflict on the economy.
Topics: Federal Reserve Inflation Interest Rates Iran War Jerome Powell