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Federal Reserve holds interest rates steady as Chair Powell's term nears end

Name: Federal Reserve holds interest rates steady as Chair Powell's term nears end
Uploaded: 2026-04-29T14:59:00-0400
Duration: 4 min 34 s
Description: The Federal Reserve held its benchmark interest rate steady on Wednesday as the U.S. economy continues to grapple with rising inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.

The Federal Reserve held its benchmark interest rate steady on Wednesday as the U.S. economy continues to grapple with rising inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.