LIVE: Federal Reserve Chair Jerome Powell speaks on interest rate decision

Monetary Policy - The Federal Open Market Committee is expected to approve a second consecutive 0.25 percentage point (25 basis point) reduction in the federal funds rate [1] - The overnight lending benchmark is currently targeted between 4% and 4.25% [1] - Policymakers are likely to debate the future path of rate reductions [1] - Discussions will include the challenges posed by a lack of economic data [1] - The timetable for ending the reduction in the asset portfolio of Treasurys and mortgage-backed securities will be debated [1]