For example, when matching a $5,000 CD against a $5,000 traditional savings account, which would earn more interest right now? That's what we'll calculate below.

Right now, they’re still at about 2.35% — the same place they were at the end of last year. None of this stopped the president from ramping up his war of words against Powell and the Fed.

Right now, there's almost no chance of a fed rate cut for when the central bank meets again in June (the CME Group's FedWatch tool has a rate pause there listed at nearly a 100% certainty).

The common wisdom is that the core inflation rate remains above 2%, and thus, Powell’s stance that interest rates are at the right level is justified.

Gov. Mike Dunleavy recently vetoed a bill passed by both chambers of the Alaska Legislature that would have capped interest rates at 36% on small consumer and business loans up to $25,000.