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**Federal Reserve Freezes Rates as Powell’s Term Winds Down**

usa stock_market economy
**Federal Reserve Freezes Rates as Powell’s Term Winds Down**
The Federal Reserve kept its key interest rate unchanged on Wednesday, signaling caution as the U.S. economy struggles with rising inflation. The decision leaves the benchmark rate at its current level, with Chair Jerome Powell’s term set to expire soon. CBS News correspondent Kelly O’Grady reports.