Fed holds off rate move for Yellen exit

Posted: February 1, 2018 at 2:02 a.m.
Updated: February 1, 2018 at 2:02 a.m.

The Federal Reserve voted unanimously Wednesday to keep its key interest rate unchanged at 1.25 to 1.5 percent. The move was widely expected as the Fed didn't want to rile markets this week as Fed Chairman Janet Yellen steps down and Jerome Powell, President Donald Trump's pick, takes over the reins of the central bank. Powell is set to be sworn in Monday at 8 a.m.

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