FOMC Meeting LIVE: Fed Chair Jerome Powell Announces Key Interest Rates Decision | US Markets

FOMC Meeting LIVE: Fed Chair Jerome Powell Announces Key Interest Rates Decision | US Markets | N18G

LIVE: Fed Chair Jerome Powell's Big Interest Rate Decision & Fed Policy | FOMC Meeting | Trump | CNBC TV18 The Federal Reserve held interest rates steady, as expected, Wednesday. For the first time since 1993, two Fed governors dissented from the majority decision, voicing support for a rate cut. Fed officials maintained their benchmark policy rate in a range between 4.25% and 4.5% as they weighed how importers, retailers and consumers will split the costs of higher duties on imports. WASHINGTON DC - Fed Chair Jerome Powell holds news conference after release of U.S. Fed policy decision. U.S. Federal Reserve Chairman Jerome Powell holds a news conference after a meeting of the Federal Open Market Committee (FOMC) to decide whether to raise, lower or maintain the U.S. interest rate. The Federal Reserve is widely expected to vote at its July 29-30 policy meeting to keep interest rates unchanged. But investors will parse the Federal Open Market Committee statement and Fed Chair Jerome Powell’s comments at a post-meeting press conference for any clues to how central-bank officials may vote at their next meeting in September, when the case for cutting rates could be harder to ignore. The federal-funds-rate target range is currently 4.25%-4.50%, and the post-meeting statement, scheduled for release at 2 p.m. ET, isn’t expected to change much compared with the FOMC’s statement in June. Powell’s comments, however, will shape monetary-policy expectations for the rest of the year. #monetarypolicy #fedrates #jeromepowell #federalreserve #trump #cnbctv18 #usmarketnews