The Federal Reserve maintained interest rates at the same level until May 2025.

The Federal Reserve has held interest rates steady at 4.25 to 4.5 per cent through May 2025. Despite pressure from US President Donald Trump to cut rates, the Fed kept them unchanged. The decision reflects ongoing tensions between Chair Jerome Powell and the White House.

The Fed prefers to wait and see how the America First tariff plan, introduced in early April, affects the economy. Many analysts believe the full impact of these tariffs will not become clear until the end of May.