Federal Reserve decision live: Fed holds rates steady as policymakers weigh risks of new burst of inflation
US central bankers balance surging energy prices against signs of weakening labour market
US central bankers balance surging energy prices against signs of weakening labour market

End of an era looms for Jay Powell as Kevin Warsh closes in on taking over as chair of world’s most important central bank

Central bank says it will halt quantitative tightening programme amid signs of stress in money markets

Convulsions in energy markets, often driven by Donald Trump’s posts on Truth Social, are complicating inflation forecasts

Policymakers sparred over decision to cut interest rates earlier in December

Market expectations of further easing in December have almost halved as a split among Fed officials appears to widen

Minutes of March meeting show policymakers debated whether to focus on inflation or jobs market risks