Korea Joongang Daily
Korea JoongAng Daily

Fed holds rates steady, cites 'elevated' inflation, 'high level' uncertainty from Iran war

The U.S. Federal Reserve held its benchmark interest rate steady for the third consecutive time on Wednesday, citing "elevated" inflation and a "high level" of economic uncertainty stemming from the ongoing war in Iran.

2026-04-30

Uncertainty over U.S. monetary policy deepens amid Middle East crisis: BOK

Uncertainty over the path of U.S. monetary policy has deepened amid heightened tensions in the Middle East, a senior official at Korea's central bank said Thursday.

2026-03-19

Fed holds key rate steady, projects 1 rate cut this year amid Iran war uncertainty

The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady for the second consecutive time and maintained its forecast of one rate cut this year, as concerns grew over the economic impact of the ongoing Iran war.

2026-03-19

Kevin Warsh's nomination raises debate on Fed independence

Pragmatic hawk or political animal? When U.S. President Donald Trump nominated Kevin Warsh to lead the central bank, he set off a new debate in Washington and on Wall Street.

2026-02-01

Kevin Warsh's nomination strengthens case for extended rate hold in Korea

U.S. President Donald Trump’s choice of Kevin Warsh as his nominee for the next U.S. Federal Reserve chair is reinforcing expectations of an extended interest rate hold in Korea.

2026-02-01

Former Fed Governor Kevin Warsh emerges as front-runner for Trump's new Fed Chair

As speculation grows over who will succeed Jerome Powell as chair of the U.S. Federal Reserve, former Fed Gov. Kevin Warsh has emerged as a front-runner. Warsh also serves as a member of the board of directors at Korean e-commerce giant Coupang.

2026-01-30

Trump to announce Federal Reserve chair nominee

U.S. President Donald Trump said he plans to announce his choice for chairman of the Federal Reserve on Friday morning, a long-awaited decision that could set up a showdown on whether the U.S. central bank preserves its independence.

2026-01-30

U.S. Fed leaves key rate unchanged after 3 consecutive cuts

The U.S. Federal Reserve kept its benchmark interest rate steady on Wednesday, defying U.S. President Donald Trump's continued pressure on the central bank to lower borrowing costs amid concerns over its independence.

2026-01-29

U.S. Fed cuts key interest rate for 3rd straight time amid economic uncertainties

The U.S. Federal Reserve on Wednesday lowered its benchmark interest rate by a quarter percentage point for the third straight time, as policymakers were divided over the decision amid a weakening labor market and stubborn inflation.

2025-12-11

Federal Reserve cuts key rate for first time this year

The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.

2025-09-18