Federal Reserve Chair Jerome Powell holds a press conference following a two-day policy meeting in which it was decided to hold the interest rates steady.

The Federal Reserve noted that while uncertainty about the economic outlook has lessened, it remains high, characterizing economic activity and the labor market as “solid”, with inflation still “somewhat elevated.”

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The Federal Reserve decided to hold the interest rates steady.{ai:summary}<p>Federal Reserve Chair Jerome Powell announced the decision to maintain steady interest rates, citing a solid economic activity and labor market, despite inflation remaining somewhat elevated. The Fed acknowledged that while uncertainty about the economic outlook has decreased, it still remains high.</p><p>In related news, the Social Security trust fund's exhaustion date has been moved up to 2034, and California's latest unemployment data has raised concerns for Governor Newsom. #economy</p>

WATCH LIVE: Federal Reserve Chair Jerome Powell speaks after policy meeting - Washington Examiner

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