Federal Reserve Holds Rates, Trump Proposes Dulles Overhaul, Japan Earthquake Toll Rises

Why it matters locally: While the Federal Reserve's decision to hold interest rates steady has national implications for borrowing costs and inflation, there are no specific, direct impacts on Ohio's key industries mentioned in this report. The Dulles airport proposal and the Japan earthquake are also not directly relevant to Ohio.

WASHINGTON – The Federal Reserve maintained its current interest rates, according to an announcement Wednesday. Three Federal Reserve officials, however, voted to increase rates. Concerns regarding ongoing inflation and rising energy prices contributed to these differing opinions. Separately, President Trump unveiled a $22 billion proposal for the renovation of Washington Dulles International Airport. The proposal outlines a significant overhaul for the regional transportation hub. In international news, officials in Japan reported that the death toll from a recent earthquake has climbed to 18.