Federal Reserve Chairman Jerome Powell is holding a press conference.

He is set to begin speaking at 2:30 p.m.

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Powell is expected to announce the Fed’s intention to keep interest rates steady despite some economic uncertainty on the horizon.

Inflation declined from 3.5% to 3.2% for the year ending in February, according to the Bureau of Labor Statistics, as measured by the producer price index. The decline in inflation signaled that President Donald Trump won’t face the same problem former President Joe Biden did in the opening years of his presidency.