Fed Chair Jerome Powell said the economy is solid — and that it's also too early to tell how tariffs will affect it.

This was the fifth consecutive meeting at which the Federal Open Markets Committee (FOMC) kept its benchmark Federal Funds rate unchanged at 4.25-4.5%.

The Federal Reserve left its benchmark interest rate unchanged for the fifth straight meeting amid tremendous pressure from President Donald Trump to reduce borrowing costs. For the first time since 1993, two of the seven members of the Fed’s board of governors dissented.