In a press conference following the central bank’s latest policy meeting, at which it left interest rates unchanged after three consecutive cuts, Jerome Powell was pressed on the current economic climate, the Fed’s approach to future policy decisions, as well as his own future once his term ends in May.

The January meeting marks the first since Fed Chair Jerome Powell confirmed the Department of Justice subpoenaed the central bank.

“The Fed should substantially lower interest rates, NOW!” Trump wrote.

Trump says Jerome Powell is ‘hurting our country’ as president finally weighs in on Fed’s plan for interest rates - President demands ‘LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD’ regardless of e

Powell left some advice to the next Fed chair. "Don't get pulled into elected politics," Powell said. "Don't do it."

The Federal Reserve is nearing an interest rate decision at its January meeting. Jerome Powell is under growing pressure amid a DOJ investigation.

WASHINGTON, Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that he attended last week's Supreme Court arguments over President Donald Trump's effort to fire Fed Governor Lisa Cook because of the case's importance to the U.

The Federal Reserve is expected to keep its key interest rate at the target range of 3.5% to 3.75%, but traders are looking for hints on next steps for policy.