President Trump’s pick to lead the Federal Reserve, Kevin Warsh, has said he wants to bring “regime change” to the central bank, but if confirmed by the Senate he will find a Fed already transformed by the White House’s attacks.

A rare four‑dissent Fed vote, Powell staying on as governor and Warsh’s unclear stance signal a new era of policy uncertainty for markets.

Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.

This is CNBC's live blog covering the Federal Open Market Committee meeting and Chair Jerome Powell's press conference. Federal Reserve policymakers made their latest decision on interest rates, opting to keep the benchmark at a range of 3.

Federal Reserve policymakers left interest rates unchanged in April amid concerns about elevated inflation and as Fed Chair Jerome Powell's term as central bank chairman draws to a close.

After eight years spanning three administrations, 66 interest-rate-setting meetings, a pandemic, a criminal probe and countless attacks from the Trump administration, Jerome Powell capped his final policy meeting as chair of the Federal Reserve on Wednesday.

Stay ahead of the 2026 Fed meeting schedule. Discover how projected interest rate shifts impact your portfolio, from stocks to fixed income.

"The Federal Reserve does not directly determine the mortgage rate specifically, but it has tools to indirectly control various interest rates," says Yong Jin Park, associate professor of economics at Connecticut College. One of these tools is setting the target range for the federal funds rate, which influences short-term lending rates.

The durability of work from home is not a vibe. It is a measured, model-consistent and market-encoded shift.

Federal Reserve chairman Jerome Powell will hold a press conference at the conclusion of the April Federal Open Markets Committee meeting.