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Led by Chairman Jerome Powell, the Federal Reserve held steady with no rate increase, but it is expected to raise rates twice more by the end of the year. Alex Wong/Getty Images hide caption

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Alex Wong/Getty Images

President Trump looks on as his nominee for Federal Reserve chairman, Jerome Powell, speaks at the White House on Nov. 2. On Thursday, Trump said he is "not thrilled" about Fed interest rate hikes. Drew Angerer/Getty Images hide caption

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Drew Angerer/Getty Images

Trump Slams Interest Rate Hikes, Ignoring Hands-Off Tradition Toward Fed

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Federal Reserve Board Chairman Jerome Powell faced questions before the Senate Banking Committee on Tuesday about the effects of President Trump's trade policies. Jose Luis Magana/AP hide caption

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Jose Luis Magana/AP

Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Chicago on April 6. The central bank raised a key short-term rate by a quarter-point on Wednesday, the second increase this year. Charles Rex Arbogast/AP hide caption

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Charles Rex Arbogast/AP

Federal Reserve Chairman Jerome Powell testifies Tuesday before the House Financial Services Committee in Washington. "My personal outlook for the economy has strengthened since December," he said. Jacquelyn Martin/AP hide caption

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Jacquelyn Martin/AP

New Fed Chief Sees Interest Rates Continuing To Rise As Economy Strengthens

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Federal Reserve Chair Janet Yellen, who will step down in February, has said she thinks the forces that have been holding inflation down are temporary and that she expects it will soon be on the rise again. Alex Wong/Getty Images hide caption

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Alex Wong/Getty Images

Fed Raises Interest Rates Again As Economy Rolls On

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Jerome Powell, nominated to be the next chairman of the Federal Reserve Board, testifies Tuesday during his confirmation hearing before the Senate Banking Committee. Alex Wong/Getty Images hide caption

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Alex Wong/Getty Images

Trump's Pick For Fed Signals Interest Rate Hike Likely Next Month

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Fed Chair Janet Yellen on Monday submitted her resignation from the Federal Reserve Board. Earlier this month, President Trump named Jerome Powell to be the next Fed chair. Chip Somodevilla/Getty Images hide caption

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Chip Somodevilla/Getty Images

Jerome Powell was nominated to the Federal Reserve Board by former President Barack Obama in 2012. Bloomberg/Bloomberg via Getty Images hide caption

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Bloomberg/Bloomberg via Getty Images

Trump Picks Federal Reserve Insider Jerome Powell To Be Its Chairman

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President Trump could ask Janet Yellen to stay on as the Federal Reserve chair, but other names are also circulating. Pablo Martinez Monsivais/AP hide caption

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Pablo Martinez Monsivais/AP

Next Fed Chair Will Help Determine Pace Of Interest Rate Hikes

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Federal Reserve policymakers left rates unchanged, saying they were worried about job growth and did not want higher rates to affect hiring. Karen Bleier/AFP/Getty Images hide caption

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Karen Bleier/AFP/Getty Images

Federal Reserve Chair Janet Yellen needs to chart a course for the U.S. economy past Brexit, a potential banking crisis in China and other financial obstacles. Jessica Kourkounis/Getty Images hide caption

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Jessica Kourkounis/Getty Images

Economic Asteroids! No Interest Rate Hike Expected From Fed Yet

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Toyota cars for sale are parked at a dealership in Danvers, Mass. Federal Reserve policymakers left rates unchanged Wednesday, which should keep down the costs of car loans and other borrowing. Elise Amendola/AP hide caption

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Elise Amendola/AP

Pedestrians are reflected in the glass of a window showing share prices at the Tokyo Stock Exchange on Dec. 17. At least five business stories had major impacts in 2015. They involved everything from crashing oil prices to merging beer companies. Yoshikazu Tsuno/AFP/Getty Images hide caption

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Yoshikazu Tsuno/AFP/Getty Images

A police officer keeps watch outside the Federal Reserve headquarters in Washington, D.C., where policymakers weighed whether to boost interest rates. Kevin Lamarque/Reuters/Landov hide caption

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Kevin Lamarque/Reuters/Landov

Federal Reserve Chair Janet Yellen, speaking at a news conference in Washington on Thursday, said the U.S. economy has been performing well but the global outlook is more uncertain. Jacquelyn Martin/AP hide caption

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Jacquelyn Martin/AP

Federal Reserve Chair Janet Yellen and other policymakers will meet in Washington, D.C., this week to weigh a possible increase in interest rates. Manuel Balce Ceneta/AP hide caption

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Manuel Balce Ceneta/AP