Watch live: Fed Chair Jerome Powell answers reporter questions after first rate cut of 2025

Federal Reserve Chair Jerome Powell is set to speak with reporters following the central bank's decision to deliver the first interest rate cut of 2025. Policymakers lowered rates by a quarter percentage point, bringing its benchmark interest rate to a range of 4%-4.25%. In the weeks leading up to the decision, analysts had been confident a rate cut was coming considering a slew of data pointing to a slowdown in the labor market. Most traders had expected the 25 basis point cut rather than a deeper reduct ...