Holding the Line

What the Fed's Pause on Interest Rates Signals in a Shifting Economy

The Federal Reserve has decided to hold interest rates steady at 4.25 to 4.5 percent. Chair Jerome Powell made it clear that the central bank is watching the ripple effects of new tariffs before making any moves. The concern is that rising costs from imports could lead to inflation and higher unemployment.

This pause is not about taking a break. It is a …