WASHINGTON (AURN News) — The Federal Reserve decided to hold interest rates steady at their current levels. “We at the Fed will continue to do our jobs with objectivity, integrity and a deep commitment to serve the American people,” Federal Reserve Chairman Jerome Powell said Wednesday in his opening remarks. Federal Reserve Chair Jerome Powell leaves a news conference, Wednesday, Jan. 28, 2026, at the Federal Reserve Board Building in Washington. “Jerome ‘Too Late’ Powell again refused to cut interest rates, even though he has absolutely no reason to keep them so high,” Trump wrote in a lengthy Truth Social post. Because of the vast amounts of money flowing into our Country because of Tariffs, we should be paying the LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD,” he added.