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Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.

In recent weeks many Fed officials made clear they are increasingly concerned about signs of persistent inflation, citing that as a reason to move cautiously in 2025. In December they predicted just two rate cuts for all of 2025, down from a prior estimate of four.

Read more: Federal Reserve policy enters 2025 wrestling with two key questions

Watch the presser live above.