Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.

Fed Chair Jerome Powell pauses interest-rate cuts in January 2026, citing economic strength. Markets react as FOMC holds rates steady amid political tension.

Amid voter concern about the economy and affordability, President Donald Trump announced a new policy: a 10% cap on credit card interest rates for one year.

Mortgage rates are unlikely to return to their pandemic lows in 2026, but they could still deliver some relief to borrowers. It’s possible that rates will even fall below the 6% threshold.

As part of a series of efforts to make life more affordable, President Donald Trump aims to help Americans with credit-card debt. After demanding on social media that credit-card lenders cap interest rates at 10% for a year,

"It would be an economic disaster, and I'm not making that up because our business … we would survive it, by the way," JPMorgan CEO Jamie Dimon said at the World Economic Forum last week. Dimon added that the cap would be "drastic" and would cut credit access for 80% of Americans.

After President Trump on Friday nominated former Federal Reserve governor Kevin Warsh to lead the central bank, market participants quickly began speculating what his chairmanship would mean for the path of interest rates this year.

Trump says Jerome Powell is ‘hurting our country’ as president finally weighs in on Fed’s plan for interest rates - President demands ‘LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD’ regardless of e