News

Fed Chair Jerome Powell is set to take questions from journalists after the central bank held interest rates steady amid increasing economic uncertainty stemming from President Trump's agenda.

The Fed held interest rates at current levels for the second straight meeting after three consecutive rate cuts to end 2024. In recent months, many Fed officials have made clear they are increasingly concerned about signs of persistent inflation, citing that as a reason to move cautiously in 2025.

Read more: The latest on Trump's tariffs

Policymakers on Wednesday forecasted higher inflation this year than previously projected and saw slower economic growth this year.

Watch the press conference live above.