The U.S. Federal Reserve holds interest rates steady at 3.75%. The central bank maintains the current rate level with no cuts or hikes announced.

Fed Chair Jerome Powell says the labor market remains in an uncomfortable balance and inflation is the primary issue to address. Powell expects tariff-driven inflation to begin easing this year.

Federal Reserve Chair Jerome Powell stated that the labor market remains in an uncomfortable balance and identified inflation as the primary issue, while projecting that tariff-driven inflation will begin to moderate this year.

Federal Reserve Chair Jerome Powell warns that the independence of the central bank is at risk. The remarks come amid ongoing discussions regarding the future of U.S. monetary policy and institutional autonomy.

Federal Reserve Chair Jerome Powell stated that the independence of the central bank is currently at risk.

U.S. gasoline prices reach a four-year high as negotiations regarding the Iran war show little sign of resolution. The increase follows ongoing diplomatic uncertainty surrounding the conflict.

Gasoline prices in the United States reached a four-year high on Tuesday amid ongoing uncertainty regarding negotiations over the Iran war.

Federal Reserve Chair Jerome Powell says the prospect of a further rise in core inflation is real, noting the central bank will wait for more data before adjusting the current policy stance.

Federal Reserve Chair Jerome Powell stated that the risk of rising core inflation remains real and that the central bank will monitor data to determine future policy adjustments.