Big Take Podcast

How the Fed Makes Rate Decisions During War

On today’s Big Take: how the Fed is thinking about setting interest rates amid the Iran War — and what could shift its calculus in the months ahead.

Jerome PowellPhotographer: Kent Nishimura/Bloomberg

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The Federal Open Market Committee announced this afternoon that it would hold interest rates steady. The decision comes in spite of spiking oil prices and new market uncertainty driven by the Iran War.