The Federal Reserve is expected to keep interest rates unchanged in the 3.5% to 3.75% range after its most recent meeting, as policymakers continue to monitor inflationary pressures stemming from tensions in the Middle East. According to The Wall Street Journal, the Fed may shift to a more hawkish stance by ruling out a rate cut by the end of 2026. This could also be one of Chairman Jerome Powell's last press conferences before his term ends in May, with the possibility of him signaling a more cautious stance due to the unresolved geopolitical situation. Meanwhile, Kevin Warsh has been nominated by President Donald Trump as a replacement, and if confirmed by the Senate, he could soon take over as Fed Chairman before the next meeting in June.