Federal Reserve Chairman Jerome Powell is under pressure to lower interest rates from President Trump — who is threatening to replace Powell if he doesn't.

Who wants that job? The Fed hasn't cut short-term interest rates this year, and there are plenty of critics on both sides of the issue. The low end of the target federal funds rate has been at 4.25% since before Christmas, and it’s not expected to change at today's meeting.

Here's how the extended interest rate pause is impacting deposits, credit, and debt.

The microscopic interest you earn on your deposit accounts remains nearly unseen by the naked eye.

Many checking accounts pay just pennies of interest on the dollar. The cash is moving in and out of your account as you earn an income and pay bills. It's the convenience of liquidity that limits your earning power.

The national average of interest paid on checking accounts remains at 0.07%. That barely classifies as a fraction.

Interest rates on savings accounts have actually fallen.. The latest average is down to 0.38%. But this is not where savvy savers keep serious money.

High-yield savings accounts have been resilient money havens. They're still in the 4% range, with some financial providers slightly above or below that.

This is one category where shopping really pays off.

Dig deeper: 10 best high-yield savings accounts

If you have $10,000 or more that you want to keep on the sidelines but nearby, money market accounts have been convenient — but low-paying. National average payouts have trickled downward here too, now at 0.59%.

A better option might be a high-yield money market account, where rates are still near or a little better than 4%.

Read more: 10 best high-yield money market accounts

CD rates have been slowly sinking. A 12-month CD is averaging 1.62%, but you can find better deals if you're willing to take the time to hunt them down — and park your money in a bank that may not be in your city.

Your minimum deposit and term will affect your rate.

Learn more: These are the best CD rates on the market today.

What the latest Federal Reserve rate pause will mean for mortgages and personal loans

Mortgage rates. Who wants to talk about 'em? The only popular conversation begins with "when will mortgage rates go back down to 3%?"

Home loan rates are still lingering in the upper-6% range.

The Fed's manipulation of overnight interest rates charged to banks doesn't directly steer mortgage rates. Those are more influenced by the bond market, particularly the 10-year Treasury note. The bond market reacts to forecasts for economic growth — or the lack of it.

Bad economic news, such as a resurgence of inflation or a recession, can move rates down. But who is hoping for that?

Housing industry analysts with the Mortgage Bankers Association, Redfin, Realtor.com, and Zillow expect mortgage rates to remain in the 6% to 7% range through the end of this year.

Dig deeper: When will mortgage rates go down?

Personal loan interest rates have been hovering in the 12% range for well more than a year. They were around 9.5% for three years, from 2020 to 2022. Like mortgage rates, it will take time for them to get close to that again.

Credit card interest impacts everyone — except those who pay off their balance each month.

Of course, that's a good thing to aim for, but in the meantime, c'mon, Fed, give us a break. Credit card rates have spiraled from around 15% in 2021 to over 21% in 2025.

Credit card companies are clinging to the high interest that consumers are apparently still willing to pay. There's been no movement downward, even with last year's Fed rate cuts.

Yahoo Finance tip: The best way to earn a lower credit card interest rate right away is to ask. If you make regular payments and have seen your credit score improving, it's a good time to call your credit card provider and ask for a lower interest rate.

Stock prices often react to the Fed’s rate actions, but they are only one factor among many affecting the investing climate and stock prices.

If you intend to manage your investments to suit the current environment, keep watch on broader economic and corporate profit trends alongside interest rates. If you prefer to stay conservative, fill your portfolio with high-quality stocks that have proven themselves in all economic cycles.

Then, wait patiently for long-term growth.