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Jerome Powell Vows to Stay Until Probe Ends; Fed Holds Rates Amid Global Shocks

US Federal Reserve

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Moneycontrol•19-03-2026, 00:35

Jerome Powell Vows to Stay Until Probe Ends; Fed Holds Rates Amid Global Shocks

•Jerome Powell states he will not leave the board until the ongoing probe is "well and truly over."
•US Federal Reserve policymakers decided to keep interest rates unchanged.
•The decision comes as the US-Israel war with Iran impacts oil markets and supply chains.
•Economic data is beginning to show signs of weakness, influencing the Fed's stance.

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