The US Federal Reserve is heading to stabilize interest rates before bidding farewell to Jerome Powell
Monetary policy makers at the US Federal Reserve will meet next Wednesday to decide interest rates, in a meeting that may be the last for Jerome Powell at the head of the Council.
Powell is heading to end his term at the head of the central bank on May 15, after serving 8 years in the position, at a time when Benchmark overnight interest rates are steady at a range of 3.5% to 3.75%, a range they have held since December 2025.
However, this meeting and the press conference that will follow may resolve fundamental questions, including whether monetary policymakers will acknowledge the possibility of raising interest rates later this year if inflation accelerates.
There may also be a question about whether Powell will remain on the Fed’s Board of Governors. Federal Reserve even if his potential successor is confirmed, Kevin Warsh, in his position before the next monetary policy meeting in June.
Although it is usual for Federal Reserve chairs to resign from their positions when their terms expire, Powell stated last month that he may stay, and that "He will make this decision based on what he believes is best for the organization and the people we serve"It is a sensitive test of President Donald Trump’s efforts to interfere in the work of the Federal Reserve, which has long been known for its complete independence from the executive authority.
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