Federal Reserve officials left interest rates unchanged and continued to expect one rate cut this year as they acknowledged increased uncertainty due to war in the Middle East.

When the US Federal Reserve sets interest rates, the process typically involves striking a balance between two goals, price stability and full employment. A sharp increase in energy prices as a result of the Iran war and a rise in the unemployment rate in February risks putting those two goals into conflict. That’s likely to prompt Fed officials to hold interest rates steady at their March 17-18 meeting, though the changes in economic conditions could drive more divisions over which of the two p

Federal Reserve Bank of Cleveland President Beth Hammack reiterated that interest rates could be on hold for quite some time, but signaled officials should be ready to respond to other outcomes.

The European Central Bank must keep a close eye on upside inflation risks stemming from geopolitical events like the war in Iran, though it doesn’t have to react as long as price growth remains reasonably close to target, Executive Board member Isabel Schnabel said.

Federal Reserve Bank of Cleveland President Beth Hammack reiterated that interest rates could be on hold for quite some time, but signaled officials should be ready to respond to other outcomes.

The European Central Bank must keep a close eye on upside inflation risks stemming from geopolitical events like the war in Iran, though it doesn’t have to react as long as price growth remains reasonably close to target, Executive Board member Isabel Schnabel said.

Businesses faced some of the sharpest cost increases in recent years in 2025, as more expensive health insurance prompted firms to hand out smaller pay increases, according to a recent survey by the Federal Reserve Bank of New York.

Two Federal Reserve officials on Tuesday said the US-Israeli attacks on Iran had introduced another element of uncertainty for policymakers, with the most important question centering on how long energy prices might remain elevated.

Federal Reserve Bank of New York President John Williams said the economic fallout from US-Israeli attacks on Iran hinges on how long they affect asset prices, especially the price of oil.

Federal Reserve Bank of Boston President Susan Collins said interest rates are likely to stay unchanged “for some time” as recent economic data shows an improvement in the labor market, while risks to inflation remain.

Federal Reserve Bank of Boston President Susan Collins said interest rates are likely to stay unchanged “for some time” as recent economic data shows an improvement in the labor market, while risks to inflation remain.

US consumer expectations for inflation and the job market improved slightly in January, according to a Federal Reserve Bank of New York survey.

Kevin Warsh floated plenty of ideas for how he would run the Federal Reserve during his campaign for the job as chair. For Wall Street, few are as cryptic — or potentially consequential — as his call for a new accord with the Treasury Department.

Kevin Warsh floated plenty of ideas for how he would run the Federal Reserve during his campaign for the job as chair. For Wall Street, few are as cryptic — or potentially consequential — as his call for a new accord with the Treasury Department.

Federal Reserve Bank of Atlanta President Raphael Bostic said he believes the US central bank still has the trust of financial markets and the public despite a barrage of political attacks, but said it will be on policymakers to maintain that respect.

Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, has called for lower interest rates and sweeping changes at the central bank that would include reducing the size of its balance sheet and rethinking economic models.

The Federal Reserve is widely expected to halt its interest-rate-cutting cycle this week, as a steadier jobs market restores a degree of consensus at the central bank after months of growing division.

Transcripts of the Federal Reserve’s 2020 policy meetings, made public Friday, revealed new details about how Chair Jerome Powell pushed for a change he would later regret.

Several Federal Reserve officials speaking Thursday signaled a willingness to pause interest-rate cuts at their upcoming policy meeting, citing a labor market that appears to be stabilizing and ongoing inflation pressures.

Several Federal Reserve officials speaking Thursday signaled a willingness to pause interest-rate cuts at their upcoming policy meeting, citing a labor market that appears to be stabilizing and ongoing inflation pressures.