The Federal Reserve held interest rates steady in January. Fed Chair Jerome Powell has faced pressure from Trump to cut rates, and from a DOJ probe.

The 10-year Treasury yield fell as investors weighted the state of the economy after the U.S. Federal Reserve held interest rates steady.

Trump says Jerome Powell is ‘hurting our country’ as president finally weighs in on Fed’s plan for interest rates - President demands ‘LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD’ regardless of e

TOKYO (AP) — Asian shares mostly fell Thursday as a wait-and-see attitude dominated in regional markets following the Federal Reserve’s decision to keep its key interest rate unchanged. That was expected, and Fed Chair Jerome Powell said interest rates look to be “in a good place” for now.

The change to the [Federal Open Market Committee’s] policy statement, acknowledging the recent solid pace of GDP growth and stabilisation in the unemployment rate, is further evidence that the Fed is unlikely to cut interest rates again for at least a couple more meetings.

Follow MarketWatch's live coverage of the Federal Reserve's monetary policy decision, with the central bank leaving interest rates unchanged and Chair Jerome Powell taking questions from reporters.

Trump's pick to replace Powell could add a layer of uncertainty to how traders have been navigating bets on Fed rate decisions.

Federal Reserve governor Christopher Waller, who had been a finalist for the Fed’s top job until President Trump nominated Kevin Warsh as chair, laid out his rationale for dissenting against the central bank’s decision to hold rates steady this week.