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US Fed holds rates steady, Powell to remain on its board

Al Jazeera · · 1029 words · By Al Jazeera Staff
Political interference in central banking Global economic stability Monetary Policy
open_in_new Read the original article: https://www.aljazeera.com/economy/2026/4/29/us-fed-holds-rates-steady-in-powells…

psychologyDetected Techniques

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Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.
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Name Calling / Labeling 90% confidence
Attaching a negative label to a person or group to reject them without evidence.

fact_checkFact-Check Results

14 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 5
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help Insufficient Evidence 2
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“Central bank keeps interest rates steady at 3.5-3.75 percent”
CORROBORATED
Multiple independent sources (LinkedIn, Forbes Advisor, and Al Jazeera) confirm the Federal Reserve maintained interest rates at 3.50-3.75%.
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web search NEUTRAL — At its March policy meeting, the U.S. Federal Reserve left the benchmark interest rate it controls between 3.50-3.75% as the Fed navigates heightened inflation uncertainty and a slow labor market.
https://www.linkedin.com/posts/tom-wiseman-97a9b2183_federal…
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web search NEUTRAL — The benchmark interest rate in the United States was last recorded at 3.75 percent. Interest Rate in the United States averaged 5.39 percent from 1971 until 2026, reaching an all time high of 20.00 pe…
https://tradingeconomics.com/united-states/interest-rate
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web search NEUTRAL — The Federal Reserve kept its benchmark interest rate unchanged at 3.50%–3.75% following the April FOMC meeting. Last year, there were three consecutive 25-basis-point rate cuts: one at the September F…
https://www.forbes.com/advisor/investing/fed-funds-rate-hist…
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“CME FedWatch... had a 100 percent expectation that the central bank would maintain rates.”
SINGLE SOURCE
While the CME FedWatch tool is mentioned as a source of probability, the specific '100 percent expectation' is not explicitly confirmed across multiple independent reports in the provided evidence; only general high probability is mentioned.
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web search NEUTRAL — FedWatch API. Follow @Interest_Rates on 𝕏. *Disclaimer: The data and output from this tool does not constitute investment advice and is not a personal recommendation from CME Group.
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch…
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web search NEUTRAL — The United States Federal Reserve is holding interest rates steady in its first rate decision of 2026. Rates will remain at 3.5 to 3.75 percent, the Fed said on Wednesday, defying US President Donald …
https://www.aljazeera.com/economy/2026/1/28/us-federal-reser…
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web search NEUTRAL — The CME FedWatch Tool indicates a strong likelihood that the U.S. Federal Reserve will maintain its current interest rates through September. According to ChainCatcher, the probability of rates remain…
https://www.binance.bh/en/square/post/05-04-2026-cme-fedwatc…
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“Eight officials voted to maintain rates.”
CORROBORATED
Multiple sources (SP Futures, Live Index, Arabian Diaries) report an 8-4 vote split, confirming that eight officials voted to maintain the current policy/rates.
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web search NEUTRAL — The adjective octuple (Latin octu-plus) may also be used as a noun, meaning "a set of eight items"; the diminutive octuplet is mostly used to refer to eight siblings delivered in one birth.
https://en.wikipedia.org/wiki/8
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web search NEUTRAL — eight - Telecom Company of the Year - 5G plans from just $14.80/mth and 10Gpbs broadband plans from $28.80/mth in Singapore.
https://www.eight.com.sg/
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web search NEUTRAL — Eight is a business card app enabling new connections to be made at a touch. With automatic updates and notifications about your contacts’ career movements, it’s the smart way to stay on top of your p…
https://8card.net/en/
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“three officials dissented in favour of removing the reference to a future cut, while a fourth, Stephen Miran... dissented in favour of an immediate rate cut”
CORROBORATED
Two independent sources explicitly state that three officials dissented in favor of removing the reference to a future cut and Stephen Miran dissented in favor of an immediate rate cut.
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web search NEUTRAL — Three officials dissented in favor of removing the reference to a future cut, while a fourth, Stephen Miran, dissented in favor of an immediate rate cut. The dissents underscore the level of division …
https://whdh.com/news/federal-reserve-keeps-key-rate-unchang…
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web search NEUTRAL — That position is a direct rebuke of what Trump has been demanding for months: aggressive rate cuts to juice the economy before November’s midterms. The fourth dissent came from Stephen Miran — Trump’s…
https://www.msn.com/en-us/money/general/jerome-powell-refuse…
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web search NEUTRAL — The Fed raised rates as inflation soared in 2022 and 2023, and now it's cutting rates to try to maintain high employment. In the meantime, valuations for many stocks have climbed higher.
https://www.fool.com/investing/2026/03/16/federal-reserve-ha…
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“marking the most dissents at the central bank since October 1992.”
CORROBORATED
Three separate sources (SP Futures, Live Index, Arabian Diaries) confirm that this level of dissent (four dissents) is the highest since October 1992.
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web search NEUTRAL — Federal Reserve officials who cast their votes this week against the post-meeting statement expressed their belief that it was not suitable to indicate that the.The statement was approved with an 8-4 …
https://spfutures.org/2026/05/02/dissenting-fed-members-expl…
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web search NEUTRAL — This marks the first occurrence since October 1992 of four dissents of any nature.Powell will be the first Fed chair to continue serving on the board since 1948, when Marriner Eccles remained as a Fed…
https://liveindex.org/monetary-policy/fed-keeps-rates-steady…
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web search NEUTRAL — The meeting was marked by an 8 to 4 vote split, the highest level of dissent since 1992, signalling a clear divergence in views among policymakers. While some officials pushed back against any indicat…
https://arabiandiaries.com/experts-highlight-fed-policy-spli…
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“US crude rose 7.31 percent to $107.24 a barrel, and Brent was up 7.26 percent at $119.34”
SINGLE SOURCE
The evidence provides different oil prices (e.g., Brent at $114 or $113.16) but does not confirm the specific figures of $107.24 for US crude or $119.34 for Brent as a combined event.
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web search NEUTRAL — Date. Crude Oil. 104.26.Brent crude oil futures jumped 5% to $114 per barrel on Monday, the highest since mid-2022, as tensions in the Middle East escalated sharply, with the US and Iran exchanging fi…
https://tradingeconomics.com/commodity/brent-crude-oil
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web search NEUTRAL — Oil (Brent) Price Per 1 Pint. 0.34 USD. 1 Barrel ≈ 0,136 Tonnes of Crude Oil.Crude oil is also used in cosmetics and medicines. Because the supply of crude oil is limited but demand is constantly grow…
https://markets.businessinsider.com/commodities/oil-price
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web search NEUTRAL — The current price of Brent crude oil today is $113.16 per barrel. Live charts, historical data, futures contracts, and breaking news on Brent prices can be found below.
https://oilprice.com/futures/brent/
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“The average price for a gallon (3.78 litres) of petrol is $4.22, according to the American Automobile Association (AAA)”
SINGLE SOURCE
Search results show various AAA prices (e.g., $4.55 national average, $4.446), but none specifically confirm the average price as $4.22.
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web search NEUTRAL — AAA Gas Prices Logo Fuel Prices.5.964 to 5.721. No Data Available. County average gas prices are updated daily to reflect changes in price. For metro averages, click here.
https://gasprices.aaa.com/?state=CA
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web search NEUTRAL — Gasoline Prices in the United States increased to 0.96 USD/Liter in March from 0.77 USD/Liter in February of 2026.
https://tradingeconomics.com/united-states/gasoline-prices
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web search NEUTRAL — According to AAA, the average price for a gallon of regular gasoline in the state jumped 28 cents over the past week to $4.55, matching the current national average.
https://www.linkedin.com/posts/roi-nj_aaa-price-for-gallon-o…
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“The average price was $2.98 on February 28, when the US and Israel attacked Iran.”
CORROBORATED
Two sources confirm that U.S. gas prices were an average of $2.98 on February 26 (close to the Feb 28 date mentioned) in the context of tensions/war involving Iran.
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web search NEUTRAL — Executive summary The short answer: U.S. retail gasoline averaged roughly $3.00 per gallon immediately before the Iran war—most outlets cite about $2.98 on Feb. 26 or about $3.12 on Feb. 27, depending…
https://factually.co/fact-checks/business/gas-prices-before-…
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web search NEUTRAL — The cost for regular gas as of Sunday is an average $4.446 — a week ago it was $4.099, according to AAA's fuel site. U.S. gas prices were an average $2.98 on Feb. 26 — two days before the war ...
https://www.npr.org/2026/05/03/nx-s1-5809433/gas-prices-rise…
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web search NEUTRAL — Release Date: 5/5/2026 Next Release Date: 5/12/2026 Referring Pages: Retail Prices for Regular Gasoline U.S. Gasoline and Diesel Retail Prices
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=E…
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“the most recent jobs report, published in early March, showed the US economy added 178,000 jobs after shedding 92,000 jobs in February.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results to verify the specific jobs report numbers for February and March.
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“Kevin Warsh... was confirmed by the Senate Banking Committee on Wednesday in a party-line vote”
INSUFFICIENT EVIDENCE
No evidence was found in the search results regarding Kevin Warsh's confirmation by the Senate Banking Committee.
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“Last week, the Department of Justice dropped that investigation [into Powell].”
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“Warsh, who served on the Fed’s Board of Governors from 2006 to 2011”
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“Powell will still be on the Fed’s Board of Governors, where he has a seat until 2028.”
PENDING
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“The Nasdaq is down 0.1 percent, the Dow Jones Industrial Average tumbled by 0.7 percent, and S&P 500 is down by 0.25 in midday trading.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.