Federal Reserve Chair Jerome Powell discussed the central bank’s decision to hold the benchmark federal-funds rate at its current range around 4.3% after three consecutive rate cuts beginning in September,

The first Federal Open Market Committee meeting of 2025 is here. The Federal Reserve's policymaking arm concludes its two-day meeting that began on Tuesday and delivers a decision on interest rates later today.

Jerome H. Powell, the Fed chair, characterized policy settings as still “meaningfully restrictive,” suggesting that interest rates at their current levels were continuing to weigh on the economy and help stamp out remaining price pressures.