Trump picks Kevin Warsh for Fed Chair
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Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.
Trump has urged the Fed to significantly lower interest rates.
Utah banker Marriner Eccles is widely credited with establishing the modern-day version of the U.S. central bank. A BYU professor explains why that is still important.
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.