The Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader.

The Federal Reserve opted to hold its key interest rate steady after its January meeting amid ongoing pressure from President Donald Trump and a Justice Department investigation

Both Governor Christopher Waller, a contender to replace Fed Chair Jerome Powell when his term as central bank chief ends in May, and Governor Stephen Miran, on leave from his job as ‌an economic advi...