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Caution prevails as the Fed keeps interest rates unchanged and Nvidia sinks again, weighing on tech stocks.

The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.

The Fed delivered on investor expectations and paused rate cuts for the first time in three meetings.

WASHINGTON (Reuters) -The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies. The IEA is under fire from the administration of President Donald Trump for a shift in recent years toward a focus on clean energy policy. A senior member of Trump's Republican party and other oil industry representatives were present at a Washington event to mark the report's release.

Fielding a range of questions about the imprint of the Trump administration on the U.S. central bank, Federal Reserve Chair Jerome Powell on Wednesday said that politics had not prompted the Fed's decision to leave a global climate-focused group, and would not affect its interest-rate calls. And while Powell did say that the Fed is working to align its workforce policies with President Donald Trump's executive order banning the promotion of diversity and inclusion, he signaled that changes could be limited, saying that they would be "consistent with applicable law" and that he remains convinced that diversity is a hallmark of successful organizations.

(Bloomberg) -- President Donald Trump assailed the Federal Reserve’s approach to bank regulation and accused Chair Jay Powell of fumbling the fight against inflation, while refraining from directly commenting on interest rates. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA

As pandemonium descended Tuesday after the Trump administration directed a freeze on federal funding, the chaos drove home a salient point: The federal government does a lot for you.