Fed Keeps Rates Unchanged In What Could Be Jerome Powell's Last Meeting As Chair

The Fed kept its benchmark interest rate between 3.5% and 3.75%. (Credit: AFP)

The Federal Reserve kept its interest rates unchanged in what could be Jerome Powell's last meeting as the chair of the central bank.

The central bank noted that job gains have "remained low" and inflation "elevated," partly as a result of the "recent increase in global energy prices."