Fed Holds Rates at 3.5%–3.75%, Powell Says Economy on Firm Footing but Inflation Remains Elevated
The Federal Open Market Committee held the federal funds target range at 3.5%–3.75%. Chair Powell said the economy started 2026 on a solid footing, noted labor-market signs of stabilization, and attributed much of the recent goods-price overshoot to tariffs.
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The Federal Open Market Committee decided to leave its policy rate unchanged, keeping the federal funds target range at 3 and a half to 3 and 3 quarters percent, Chair Powell said at the press conference.
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