Federal Reserve Chair Jerome Powell speaks as Fed holds interest rates steady — 5/7/2025

Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.

The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy.

In a move that carried little suspense given the wave of uncertainty sweeping the political and economic landscape, the Federal Open Market Committee held its benchmark overnight borrowing rate in a range between 4.25%-4.5%, where it has been since December.

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Federal Reserve Chair Jerome Powell speaks as Fed holds interest rates steady — 5/7/2025