Big news about the Federal Reserve! The Fed is like a bank for banks, and it decides interest rates. Interest rates affect how much banks charge for loans and how much they pay on savings. The Fed's chair, Jerome Powell, recently talked to lawmakers about keeping interest rates the same for now. This means things probably won't change too much for your bank account or loans.
- The Fed isn't changing interest rates right now.
- They're carefully watching prices to make sure they don't go up too fast (inflation).
- Even though President Trump had some opinions, he's not pushing the Fed to do anything drastic.
| Fact | Details |
|---|---|
| Current Interest Rate Range | 4.25% - 4.5% |
| Fed's Stance | Cautious, no rush to change |
| President Trump's View | Agrees with keeping rates steady |
