The U.S. Federal Reserve kept its benchmark interest rate unchanged at 4.25 to 4.5% after its latest Federal Open Market Committee meeting, pausing after three consecutive rate cuts in late 2024. Fed Chair Jerome Powell said the central bank sees no urgency to adjust monetary policy, emphasizing that inflation remains somewhat elevated and that the economy continues to expand at a solid pace. The Fed also removed previous language suggesting inflation was nearing its 2% target, signaling a cautious approach to future rate cuts.

The decision comes days after President Donald Trump demanded immediate rate reductions, arguing the Fed had