Fed Chair Jerome Powell Holds News Conference On Interest Rate Decision

WASHINGTON, DC - JANUARY 28: Federal Reserve Chair Jerome Powell says, "The way that it was implemented was significantly less than what was announced at the beginning. In addition, other countries didn't retaliate. And in addition, a good part of it hasn't been passed through consumers. It's being taken by companies that stand between the consumer and the exporter," during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on January 28, 2026 in Washington, DC. Powell announced that interest rates will remain steady at 3.5 - 3.75 percent. (Footage by Kevin Dietsch/Getty Images)