Watch live: Powell gives remarks as Fed holds interest rates steady
Summary
Federal Reserve Chair Jerome Powell spoke after the central bank decided to keep interest rates unchanged. The decision comes amid concerns about the conflict in Iran and rising inflation.Key Facts
- The Federal Reserve chose to keep interest rates steady.
- The current interest rate range is between 3.5% and 3.75%.
- Jerome Powell is the Chair of the Federal Reserve.
- The decision was made by the Federal Open Market Committee.
- The choice reflects uncertainty due to the Iran war.
- Rising inflation is also a concern influencing the Fed’s decision.
- This marks the end of a period of interest rate adjustments led by Powell.
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