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LIVE: Federal Reserve keeps interest rates unchanged in Powellโ€™s last meeting as chair

3 weeks ago 6712
  • The Fed is expected to hold rates at 3.50%-3.75% today in what would be its third straight pause of the year.
  • Kalshi bettors see Powell more likely to resign later, with 66% odds by August and 81% by year-end, while Polymarket sees an 87% chance he leaves between May 15 and May 22.
  • Kevin Warshโ€™s nomination has moved forward, and Powell could face questions at 18:00 UTCย about whether he is actually leaving the Fed or not.
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