The US Federal Reserve is in no "hurry" to adjust interest rates again, the central bank's chair Jerome Powell said Wednesday, after policymakers voted to pause rate cuts in the first decision since Donald Trump's White House return.

After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.

Global shares rose as investors digested earnings from Microsoft and Meta in the wake of this week's rout in technology stocks, while the dollar was steady against most other currencies after the Federal Reserve left rates unchanged.