economy
January 28, 2026
Federal Reserve meets Wednesday for its first interest rate decision of 2026. Here's what to expect.
Updated on: January 27, 2026 / 11:57 AM EST / CBS News
TL;DR
- The Federal Reserve is expected to keep interest rates unchanged at its next policy meeting.
- President Trump has urged the Fed to lower interest rates.
- Fed Chair Jerome Powell faces investigations and a Supreme Court case related to his tenure.
- The Fed's decision will consider a weakening labor market and inflation above the 2% target.
- Powell is expected to emphasize the Fed's independence from political pressure.
- Trump is expected to nominate a successor to Powell, whose term expires in May.
- Potential candidates for Fed chair include Kevin Hassett, Christopher Waller, Kevin Warsh, and Rick Rieder.
Continue reading the original article