Takeaways from Fed Chair Jerome Powell's tenure
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This is expected to be Powell's last FOMC press conference as Fed Chair, with Kevin Warsh awaiting Senate confirmation to take over as early as May.
This is CNBC's live blog covering the Federal Open Market Committee meeting and Chair Jerome Powell's press conference. Federal Reserve policymakers made their latest decision on interest rates, opting to keep the benchmark at a range of 3.
Copyright 2026 The Associated Press. All Rights Reserved. Copyright 2026 The Associated Press. All Rights Reserved. Federal Reserve Chairman Jerome Powell speaks at a ...
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
Federal Reserve Chairman Jerome Powell announced that he will remain on the Fed’s Board of Governors beyond the end of his term as chairman next month, breaking with tradition at the central bank and preventing President Donald Trump from quickly nominating his replacement.
The Fed is set to keep rates steady as Iran war risks and persistent inflation cloud the outlook for cuts or hikes.
Powell’s reputation as a champion for central bank independence was secured when he publicly challenged Trump’s Justice Department probe.