President Trump said Sunday night that the Federal Reserve was right to keep interest rates unchanged at its policy meeting last week. "I'm not surprised," he told reporters when asked for his reaction to the central bank's decision to hold borrowing costs steady following three consecutive rate cuts at the end of 2024.

President Donald Trump commended the Federal Reserve for its decision last week to leave interest rates unchanged. "Holding the rates at this point was the right thing to do," he told reporters. President Donald Trump agreed with the Federal Reserve for its decision last week to leave interest rates unchanged,

Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.

It's important to understand that the Fed's decision to pause rate cuts will not directly impact mortgage rates. Mortgage rates are actually driven by a range of factors, including the Fed's rate changes. This week's Fed rate decision does, however, have a big influence on where mortgage rates could head.

The Federal Reserve is set to announce its first interest rate decision of 2025 and with a pause expected, it could prompt President Donald Trump to renew his criticism of the central bank.

Amid pressure from President Donald Trump to keep lowering interest rates, the Federal Reserve held steady.

The president previously said he would demand immediate rate cuts but now says holding them steady was the right thing to do.

President Donald Trump stunned reporters on Sunday night when he praised the Federal Reserve’s decision to hit pause on its rate cuts. “I’m not surprised,” he said as he arrived in Washington aboard Air Force One.