Jan. 29, 2026 /Mpelembe Media/ — In January 2026, the Federal Reserve opted to maintain interest rates at their current levels, pausing a series of previous reductions despite significant political pressure from the Trump administration. This decision was influenced by a resilient economy showing robust growth and a stabilizing, though slightly softened, job market. While the central bank faces a high-stakes Supreme Court battle regarding its governance, Chair Jerome Powell emphasized the necessity of institutional independence and avoiding partisan politics. Two officials dissented in favor of a rate cut, but the majority favored a cautious approach as inflation remains somewhat elevated due to trade tariffs. Ultimately, the sources describe a central bank attempting to navigate economic stability and future policy shifts amidst a backdrop of intense executive scrutiny. Continue reading →