Behind Powell’s High-Stakes Decision to Stay at Fed
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Kevin Warsh is 1 step closer to top job at Fed
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This is CNBC's live blog covering the Federal Open Market Committee meeting and Chair Jerome Powell's press conference. Federal Reserve policymakers made their latest decision on interest rates, opting to keep the benchmark at a range of 3.
The Fed is expected to hold rates steady, at what's likely to be Jerome Powell's last meeting as chair — with Kevin Warsh looking set to replace him.
Federal Reserve policymakers left interest rates unchanged in April amid concerns about elevated inflation and as Fed Chair Jerome Powell's term as central bank chairman draws to a close.
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Inside the Fed: Powell vows he won't be a 'shadow chair,' but a Warsh clash will be tough to avoid
When the Fed gathers again, it will mark the first time a sitting and former chair conduct business together in nearly 80 years.
It's Fed decision day. It's also likely to be the last time that Jerome Powell presides over the Federal Reserve's policy committee. Follow our live coverage.
Fed Chair Jerome Powell's iconic purple tie has become a quiet symbol of the central bank's effort to remain independent and above partisan politics.