Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve’s two-day policy meeting on Wednesday.
The Federal Reserve has been ensnared in a holding pattern that likely will be reflected when it closes its meeting Wednesday.
Markets are anticipating a near-zero chance that the Federal Open Market Committee, the central bank’s policy-setting arm, will announce any change to interest rates.
The only piece of news likely to come out of the meeting itself is an announcement that the Fed soon will reduce the level at which it is running down the bond holdings on its balance sheet.
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LIVE: Federal Reserve Chair Jerome Powell speaks on interest rate decision — 5/1/2024
