Fed meeting updates: DOJ probe against Powell looms as Fed set to leave interest rates untouched

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It’s the first Fed day of 2026, and Chair Jerome Powell is in the hot seat.

Central bank leaders will announce their January interest rate decision at 2 p.m. ET. The meeting follows weeks of political pressure from the Trump administration and a recently announced Department of Justice probe.

Business Insider will be covering projections from economists, the Fed decision, and market moves all day. Check back here for updates.