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Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington. (Photo by Chip Somodevilla/Getty Images)

FILE - A "now hiring" sign is displayed in a business window in Manhattan on Sept. 5, 2025, in New York City. (Photo by Spencer Platt/Getty Images)

Construction workers build homes at a new housing development on Aug. 8, 2025, in Henderson, Nevada. (Photo by Justin Sullivan/Getty Images)

Last-minute Christmas shoppers navigate Saks Fifth Avenue on December 24, 2025, in New York City. (Photo by Jeremy Weine/Getty Images)

Federal Reserve back to wait-and-see with steady inflation and growth

Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington. (Photo by Chip Somodevilla/Getty Images)

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