Jerome H. Powell has been a member of the Board of Governors of the Federal Reserve System (FRB) since May 25, 2012, appointed by then-President Barack Obama to fill an unexpired term. He was reappointed by Obama and sworn in on June 16, 2014, for a term that expires on Jan. 31, 2028.

Federal Reserve Chair Jerome Powell discussed the central bank’s decision to hold the benchmark federal-funds rate at its current range around 4.3% after three consecutive rate cuts beginning in September,

The Dow Jones fell Wednesday ahead of the Fed interest rate decision and Fed Chair Powell's comments. Meta and Tesla earnings are next.

Shares of ASML jumped 10.6% after the Dutch company reported better-than-expected fourth-quarter bookings of 7.088 billion euros ($7.39 billion). Its peers ASM International, BE Semiconductor and Infineon gained between 2.7% and 7.5%. Technology was the top winning sector, soaring 4.5%.

The Dow, S&P 500 and Nasdaq fell Wednesday as the stock market reacted to the Fed's latest rate decision and earnings from Big Tech.

Fed rate decision, stock market updates: Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged

The ECB cut rates by 25bps to 2.75%, with Lagarde signalling further easing if inflation declines. Growth risks persist amid weak confidence and geopolitical tensions. She ruled out Bitcoin as a reserve asset,

The U.S. Fed, which held rates steady as expected, headlined a series of rate decisions overnight. Dovish comments by Chair Jerome Powell afterwards balanced the Fed's hawkish statement - and left traders uncertain on the likely timing of the next cut.

Equity markets were mixed Wednesday as attention turned away from tech stocks to the outlook for monetary policy, with the Federal Reserve holding steady on interest rates ahead of an ECB decision.But oil prices fell on reports of growing US crude reserves and on expectations that Trump's tariff policy could reduce demand.

EUROPEAN shares closed at a record high on Wednesday (Jan 29), boosted by technology stocks following strong results from chip equipment maker ASML, while investors shifted their focus to a monetary policy verdict by the US Federal Reserve.

U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September. The S&P 500 fell 0.5% Wednesday. The

By holding rates steady at 4.25% to 4.5%, the Fed may be setting the stage for a prolonged wait-and-see approach—monitoring inflation’s trajectory and awaiting clarity on Trump’s trade and immigration plans.