President Donald Trump has called out the Federal Reserve in recent weeks, urging the central bank to continue cutting interest rates. But Chair Jerome Powell said Wednesday that he hasn’t had any contact with the president and declined to comment on any of Trump’s remarks.

The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.

The US Fed held rates steady, reaffirming its independence despite President Donald Trump’s demands for cuts. Fed Chair Jerome Powell dismissed political pressure, while Trump accused the Fed of failing to control inflation.

MarketWatch’s live coverage of the Fed’s interest-rate decision and Jerome Powell’s news conference — as it happened. The Federal Reserve on Wednesday moved to the sidelines, signaling that it wasn’t likely to change interest rates again until there is greater clarity on how President Donald Trump’s economic plans will affect inflation and the labor market.

A desire for low rates confronts a very different economic backdrop—with higher price pressures—from his first term.

Policymakers said they “will carefully assess incoming data, the evolving outlook, and the balance of risks” in determining future rate decisions.

President Donald Trump renewed his complaints with the Federal Reserve after it left its benchmark interest rate unchanged.

The US Fed held rates steady as Jerome Powell took a wait-and-see approach to Donald Trump’s tariff plans, citing uncertainty over their economic impact. Markets reacted cautiously amid inflation concerns.

President Donald Trump is renewing his old attacks on the Federal Reserve and its chair, Jerome Powell, after the independent body voted to hold interest rates steady in its first rate decision of the year.

President Donald Trump wasted no time criticizing the Fed after it held rates steady Wednesday, arguing Jerome Powell and the central bank "failed to stop the problem they created" on inflation.

The president bashed Jerome Powell on inflation less than two hours after the Fed chair announced interest rates would stay put. As Bank of America CEO Brian Moynihan may attest, Trump’s timing is not coincidental.