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Fed Holds Rates Steady, Says Risks of Higher Unemployment, Higher Inflation Have Risen

All eyes will now turn to Fed Chair Jerome Powell's post-meeting press conference for further clues about the central bank's thinking on monetary policy.

Updated May 7, 2025, 6:08 p.m. Published May 7, 2025, 6:05 p.m.
U.S. Federal Reserve Chairman Jerome Powell (Chip Somodevilla/Getty Images)
Fed Chair Jerome Powell (Chip Somodevilla/Getty Images)