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WEKU
WEKU
Business
Scott Horsley

The Fed held interest rates steady — but the fight against inflation is not over yet

The Fed kept interest rates steady on Wednesday for a second consecutive meeting but will continue to monitor the economy. Fed Chair Jerome Powell (pictured) left the door open for another rate hike if required. (Andrew Caballero-Reynolds/AFP via Getty Images)

The Federal Reserve left interest rates unchanged Wednesday, but signaled that future rate hikes are still possible if that's what it takes to curb stubborn inflation.

This was the second meeting in a row in which policymakers held rates steady at 5.25% to 5.5%, following an aggressive series of increases over the previous year-and-a-half.

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