It was the first meeting of the FOMC since former President Donald Trump’s election victory. Policymakers have said repeatedly that the Fed is apolitical and that their calls on interest rates are driven by economic conditions.

The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.

The central bank continued to ease, but a new administration in Washington clouds the outlook for future policy moves.

The Federal Reserve lowered rates again but economists worry that Donald Trump’s victory could reignite inflation in 2025.

Markets expect the Federal Open Market Committee to cut interest rates again by 0.25% on November 7 with a larger cut currently viewed as unlikely.

Fed Chairman Jerome Powell's curt but clear response on whether he would step down from his job under pressure could set up President-elect Donald Trump's first major showdown over his sweeping plans on the economy.

Prospects of a near-term rebound in the $28-trillion U.S. government bond market are faltering, as Donald Trump’s return to the White House is expected to usher in fiscally expansive policies that could temper the extent of the Federal Reserve's future rate cuts.

Federal Reserve Chair Jerome Powell said he wouldn't step down if President-elect Trump calls for his resignation and that the president can't remove or demote Fed governors.