WATCH LIVE: Jerome Powell announces decision on interest rates

By Brady Knox
Published July 30, 2025 2:13pm ET
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WATCH LIVE: Jerome Powell announces decision on interest rates
In this Dec. 1, 2020 file photo, Federal Reserve Chairman Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. Federal Reserve officials were convinced last month that the U.S. economy and job growth had slowed as COVID-19 cases surged across the country. They noted that the economy's outlook is heavily dependent on the course of the virus. (Al Drago/The New York Times via AP, Pool)

Federal Reserve Chairman Jerome Powell has decided to keep interest rates steady again, drawing the ire of President Donald Trump.

Powell is due to give his speech at 2:30 p.m. The target rate is currently between 4.25% and 4.5%.

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Donald Trump Economics Federal Reserve Interest Rates Jerome Powell