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Federal Reserve holds rates steady amid labor market and inflation uncertainty
Posted
January 28, 2026
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3,862
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January 28, 2026
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9:59Now PlayingWe learned today that the Federal Reserve has made its first interest rate decision for 2026, after three cuts last year. The short-term interest rate is unchanged at about 3.6% for the time being. This largely signals that the rate-setting committee remains split between those opposed to further cuts until inflation drops below the 2% target, and those who want to lower rates to further support hiring. LiveNOW’s Andy Mac has the latest on what this means for consumers with Fox Business Network National Correspondent, Darren Botelho, and Greg Robb, a senior reporter for MarketWatch in Washington.
Earlier this month, the Department of Justice served the central bank with subpoenas and threatened it with a criminal indictment over Powell’s testimony last summer about the Fed’s $2.5 billion building renovations.
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