Last updated: 2026-01-29 02:28:19 ET
The bullion rose more than 3% on Thursday to breach the $5,500 per ounce mark for the first time.
Treasury Secretary thinks we'll find out Trump's nominee for Fed chair in "the next week or so."
The bank’s monetary policy committee kept the nation’s benchmark rate at 15%, while indicating it may start cutting at its next meeting in March.
Powell has just two policy meetings left as chair — in March and April — before his term expires.
Federal Reserve Chair Jerome Powell on Wednesday offered his first explanation into his decision to attend Fed Governor Lisa Cook's Supreme Court hearing.
The Federal Reserve on Wednesday released its decision on interest rates.
Treasury Secretary Scott Bessent touts Trump accounts, what he wants to see from the Fed
"That case is perhaps the most important legal case in the Fed's 113 year history."
Two Fed officials voted for a cut, including the former head of Donald Trump's Council of Economic Advisers.
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
