FULL: Powell speaks after Fed holds interest rate steady, gives advice to successor скачать в хорошем качестве

FULL: Powell speaks after Fed holds interest rate steady, gives advice to successor

The Federal Reserve held interest rates steady on Wednesday, keeping its benchmark rate at about 3.6% after three cuts in 2025. "Today, the Federal Open Market Committee decided to leave our policy interest rate unchanged," Federal Reserve Chair Jerome Powell said during a news conference. "There was broad support on the Committee for holding today," he later added. In a statement published online, the central bank said there are signs the job market has stabilized, while it also noted that growth was "solid," which is an upgrade from December's characterization as "modest." "In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective," according to Wednesday's statement. "In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook," the statement noted. A day before, President Donald Trump said he is poised to announce his pick to replace Powell. The president added that interest rates will significantly drop as soon as a new Fed chair is at the helm. "By the way, when we have a great Fed chairman -- I think we’re going to have one -- I’ll announce it pretty soon. You’ll see rates come down a lot," Trump said during an event in Iowa on Tuesday. When pressed by reporters, Powell declined to comment about his potential replacement. He did, however, go into detail when asked about any advice he'd share with his potential successor. "Honestly, I'd say a couple of things. One is stay out of elected politics. Don't get pulled into elected politics. Don't it do it," Powell said. READ MORE: https://13wham.com/news/nation-world/... _______________ Stay up to date with our social media: 13 WHAM on Facebook:   / 13wham   13 WHAM on Twitter:   / 13wham   13WHAM on Instagram: https://www.instagram.com/13whamtv/?h... 13WHAM on TikTok: https://www.tiktok.com/@13wham?lang=en 13 WHAM Daily Local News Digest:    • 13WHAM Local News Digest   For more information, visit https://13wham.com/ Have a news tip? Send it directly to us: Email us: news@13wham.com Call the Newsroom: (585) 334-8700 WHAM is a NY based station and a ABC Television affiliate owned and operated by Deerfield Media, Inc and receives certain services from an affiliation of Sinclair Broadcast Group. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today. #13WHAM #News #Rochester #NewYork