Live: Federal Reserve Chairman Powell Speaks on Interest Rate Decision: 6/14/23 – 2:30PM ET, Video

Chairman Jerome Powell holds a news conference following the decision by the Federal Open Market Committee to hold off on a hike at this meeting. The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate increase as it measures what the impacts have been from the previous 10. But the decision by the Federal Open Market Committee to hold off on a hike at this meeting came with a projection that another two quarter percentage point moves are on the way before the end of the year.

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