Fed Chair Jerome Powell is set to speak with reporters after the Federal Reserve’s May 7 decision to hold interest rates steady amid widespread economic uncertainty tied to President Trump’s tariffs.
Analysts had expected the decision, and most expect the Fed will continue to keep interest rates where they are — at the current range of 4.25% to 4.5% — at least through the next couple of meetings.
Fed officials noted that uncertainty about the economic outlook has “increased further,” but the central bank also noted the economy has continued to expand at a “solid pace” despite swings in net exports that affected the data during the first months of 2025.
Watch the press conference live above.
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