The Fed held rates at what range since July 2024?

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The Federal Reserve has maintained interest rates at 5.25%-5.50% since July 2024, holding steady at six consecutive FOMC meetings from August 2025 through January 2026. Fed Chair Jerome Powell argues rates must stay elevated until inflation sustainably returns to the 2% target. The December 2025 CPI at 2.7% supports Powell's position that cutting rates prematurely would risk reigniting inflation. This stance puts Powell at odds with President Trump, who demands rate cuts to stimulate economic growth, and Treasury Secretary Scott Bessent, who publicly stated "the Fed is being too cautious" and suggested 3-4% GDP growth is achievable if "the Fed gets out of the way."

The Fed held rates at what range since July 2024?

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