What the Fed’s latest decision reveals about the U.S. economy

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• 00:05

  Good morning.

• 00:06

  Some encouraging news as the Fed resists Trump pressure and hold steady.

• 00:10

  Essentially, the economy has once again surprised us with its strength, not for the first time.

• 00:15

  But as Jerome Powell prepares to step down as chair,

• 00:18

  he had some pointed advice for his eventual successor.

• 00:22

  The Washington Post explains why some pardoned January 6th rioters want taxpayer compensation and what makes tens of thousands of people join a wait list for beans.

• 00:34

  It's Thursday, January 29th.

• 00:36

  I'm Shemitah Basu.

• 00:38

  This is Apple News.

• 00:39

  Today, Only weeks after being threatened with DOJ investigations by the Trump administration,

• 00:49

  Fed Chair Jerome Powell took to the podium yesterday.

• 00:52

  This time to present some cautiously optimistic news.

• 00:56

  The committee voted 10 to 2 in favor of holding interest rates in the 3.5 to 3.75% range.

• 01:03

  Powell noted there had been clear improvement in the outlook for the U.S.

• 01:07

  economy in the year ahead.

• 01:09

  The U.S.

• 01:09

  economy expanded at a solid pace last year and is coming into 2026 on a firm footing.

• 01:16

  While job gains have remained low,

• 01:18

  the unemployment rate has shown some signs of stabilization and inflation remains somewhat elevated.

• 01:24

  So for now, the economy is continuing to go through a period of what's being called low fire, low.

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