<a class="Link" href="https://www.washingtonexaminer.com/tag/federal-reserve" target="_blank">Federal Reserve</a> <span class="ArticlePage-articleBody-firstLetter">C</span>hairman <a class="Link" href="https://www.washingtonexaminer.com/tag/jerome-powell" target="_blank">Jerome Powell</a> is holding a press briefing on the agency's decision to hold interest rates steady as inflation remains elevated and job gains continue. 

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Since last year, the Fed has raised rates to a range of 5.25 to 5.5 percent in an effort to ease inflation, marking the highest level in more than 22 years. 

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Powell announced the Federal Reserve's rate decision earlier Wednesday. He is expected to start speaking at 2:30 p.m. EDT.

Federal Reserve Chairman Jerome Powell is holding a press briefing on the agency's decision to hold interest rates steady as inflation remains elevated and job gains continue.{ai:summary}<p>Federal Reserve holds interest rates steady due to elevated inflation and continued job gains. #economy</p>

WATCH LIVE: Jerome Powell to speak after Federal Reserve kept interest rates steady

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