US Federal Reserve holds interest rates steady despite political pressure
The central bank will maintain rates at 3.5 to 3.75 percent and warned of ‘elevated’ economic uncertainty.
![The decision comes despite ongoing political pressure as US President Donald Trump has called for more aggressive interest rate cuts [File:Nathan Howard/Reuters]](/wp-content/uploads/2026/01/2026-01-13T144147Z_2075403647_RC2C0JA6N16M_RTRMADP_3_USA-TRUMP-FED-POWELL-1769627465.jpg?resize=770%2C513&quality=80)
The central bank will maintain rates at 3.5 to 3.75 percent and warned of ‘elevated’ economic uncertainty.
![The decision comes despite ongoing political pressure as US President Donald Trump has called for more aggressive interest rate cuts [File:Nathan Howard/Reuters]](/wp-content/uploads/2026/01/2026-01-13T144147Z_2075403647_RC2C0JA6N16M_RTRMADP_3_USA-TRUMP-FED-POWELL-1769627465.jpg?resize=770%2C513&quality=80)








Rights groups condemn internet blackout amid reports of mass arrests at antigovernment protests across Iran.
Protests in Iran are predominantly driven by mounting economic pressure and desperation amid the economic crisis.

Protests are intensifying in Iran as an economic crisis fuels anger over soaring prices and falling living standards.
Mass protests are spreading across Iran, but what’s driving them and where could they lead? Here’s what we know.
Iranian president seeks to calm tensions, acknowledging protesters’ ‘legitimate’ grievances over inflation.
Move comes nearly two decades after it entered the EU as hope for stability clashes with fear of rising prices.

Bulgaria is saying goodbye to the lev and officially adopting the euro, but some citizens worry about higher prices.
Some in the country are worried about loss of identity following the switch from the Bulgarian lev to the euro.
Prices of basic items like food are only expected to grow over the coming months as Iranians get poorer.
The US president blamed immigrants for the country’s woes and promised an ‘economic boom’ in 2026.