The Federal Reserve keeps interest rates unchanged. Powell advises successors to "avoid getting involved in election politics".

The Federal Reserve Board of the United States concluded a two-day monetary policy meeting on the 28th, announcing that it will maintain the target range for the federal funds rate at 3.5% to 3.75%, which was in line with market expectations. Federal Reserve Chairman Powell avoided questions about his own future plans after the meeting, but advised his successor not to get involved in political disputes. The Federal Reserve's decision-making body, the Federal Open Market Committee, stated after the meeting that current indicators show that economic activity in the United States is experiencing "steady expansion," but uncertainty about the economic outlook remains high. Job growth continues to be weak, there are signs of stabilization in the unemployment rate, and inflation remains at a relatively high level. Powell stated during a press conference held in the afternoon that future monetary policy decisions by the Fed will be based on new data.