Interest Rates Expected to Remain Stable Following Federal Reserve Meeting
· Telemundo McAllen (KTLM)
The Federal Reserve is expected to keep interest rates steady this Wednesday, likely marking the final monetary policy meeting under Chairman Jerome Powell at the helm of the world's most influential central bank. Last week, the path was cleared for Kevin Warsh—President Donald Trump's nominee to succeed Powell—to be confirmed by the Senate after the Department of Justice announced the closure of a criminal investigation involving Powell and the central bank. The Senate Banking Committee is expected to vote Wednesday morning to advance Warsh's nomination to the full Senate for final confirmation.