Fed keeps interest rates steady despite political pressureAFP, WASHINGTONThe US Federal Reserve on Wednesday held interest rates steady at its first policy gathering this year, citing robust economic growth, as the central bank resists US President Donald Trump’s mounting pressure for cuts. US Federal Reserve Chair Jerome Powell speaks following the Federal Open Markets Committee meeting at the Federal Reserve on January 28, 2026 in Washington. The Fed has made quarter-point cuts at its last three policy meetings, as officials worried about the cooling jobs market. However, solid GDP growth, relatively steady unemployment and stubborn inflation have provided reasons to pause cuts, putting officials again at odds with Trump, who has repeatedly urged for lower interest rates. Powell said the Fed would let economic data “light the way” on the future path of interest rates.

Source: Taipei Times January 29, 2026 17:12 UTC