Federal Reserve Chair Jerome Powell will give an update. provide an update Wednesday on decisions reached by the nation’s central bank in meetings over the past two days.
The Fed had in recent months indicated it might decrease interest rates by this time. However, no rate change is expected now. is expected at present because February’s inflation remained higher than hoped at 3.2 percent. The institution’s goal is 2 percent.
A decision to stay the course is likely to disappoint progressives. will likely disappoint progressives, who would like to see the effect a rate cut might bring for home lending and other economic goals.
Powell is scheduled to speak at 2:30 p.m. EDT
Watch the live video above.
