Americans love using their credit cards, the most secure and hassle-free way to pay.

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

This bill lets corporate megastores pick how your credit card is processed,

allowing them to use untested payment networks that jeopardize your data security and rewards.

Corporate megastores will make more money and you pay the price.

Tell Congress to guard your card because Americans lose when politicians choose.

Learn more at guard your card.com.

The Federal Reserve holds interest rates steady as it enters a new wait-and-see phase.

Plus, RFK Jr. faces off with Congress on the first day of his confirmation hearing.

And as President Trump ramps up his efforts to crack down on immigration, the shock and awe around them might be just as effective.

They are really trying to amplify each of those efforts and make it look huge

so that they can satisfy their voters and their base that they're meeting the expectations

of this mass deportation effort they promised. It's Wednesday, January 29th. I'm Alex

Oslo for the Wall Street Journal. This is the PM edition of What's News, the top headlines

and business

stories that move the world today.

Today, as expected, the Federal Reserve announced that it was holding rates steady. It was

a Fed's first decision since Trump was sworn in as president. In a press conference, Fed chair Jerome Powell said the Fed felt it could adopt a new wait-and-see approach

as it tries to determine whether and how much more to lower rates from a recent two-decade high.

With our policy stance significantly less restrictive than it had been and the economy remaining strong,

we do not need to be in a hurry to adjust our policy stance.

Spencer, Jacob, global editor of Heard on the Street, joins now to talk about the Fed's decision.

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