As was widely expected, Fed policymakers on Wednesday left the central bank's overnight rate unchanged at a range of 4.25% to 4.5%.

Fed Chair Jerome Powell said the economy is solid — and that it's also too early to tell how tariffs will affect it.

President Donald Trump called on the board of the Federal Reserve to take control from Chairman Jerome Powell if interest rates are not lowered. After a brief display of public friendliness, Trump resumed his rhetorical offensive against Powell on Wednesday after he announced that the Fed would not lower interest rates.