Apple News Today What the Fed’s latest decision reveals about the U.S. economy
17 snips
Jan 29, 2026 A deep dive into the Fed’s decision to keep rates steady and what officials say about inflation, tariffs, and dollar risks. A tense Senate hearing on U.S. activity in Venezuela and debate over whether it amounted to an act of war. Coverage of pardoned Jan. 6 participants seeking refunds, an FBI raid in Georgia, recent shootings, and an unexpected boom in bean demand.
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Fed Sees Strength, Pins Goods Inflation On Tariffs
- The Fed held rates at 3.5–3.75% and saw improving economic outlook into 2026.
- Powell said tariffs explain most goods-price overruns and likely represent one-time increases.
Dollar's Drop Has Mixed Trade And Debt Risks
- A weakening dollar has lifted gold and could raise import costs while boosting exports.
- Experts warn a weaker dollar risks stability given the U.S.'s near-$40 trillion debt.
Stay Out Of Elected Politics
- Jerome Powell advised his successor to avoid getting pulled into elected politics.
- He warned future Fed leaders not to engage with political pressures that threaten independence.