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Fed Holds Rates Steady, Powell Vows to Stay Amid DOJ Probe: Fed Special
Posted
March 18, 2026
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27:50Now PlayingBloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's decision to hold rates steady amid fallout from the Iran war. Fed chair Jerome Powell told reporters that the Fed is waiting to see how the war will impact the US economy, calling the implication's of the war 'uncertain.' The big headline of the day was not about rates, but rather about Powell's tenure at the Fed. Powell told press that he intends to stay at the Fed until the DOJ's investigation into renovations is complete and that he will continue to serve as chair after his term until his successor is confirmed.
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