#powellfedlive

Federal Reserve Chair Jerome Powell announced interest rates will remain unchanged in a press conference on May 1, 2024. Powell cited plans to hold rates steady as the Federal Open Market Committee (FOMC) sees ‘a lack of further progress on inflation retur

Description: Federal Reserve Chair Jerome Powell announced interest rates will remain higher-for-longer on May 1, 2024. The FOMC maintained a target range for the federal funds rate at 5.25 to 5.5%, the highest since 2001. #yahoofinance #finance #news #you