LIVE: Federal Reserve Chair Jerome Powell speaks on interest rate decision — 5/1/2024

Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday. The Federal Reserve has been ensnared in a holding pattern that likely will be reflected when it closes its meeting Wednesday. Markets are anticipating a near-zero chance that the Federal Open Market Committee, the central bank’s policy-setting arm, will announce any change to interest rates. The only piece of news likely to come out of the meeting itself is an announcement that the Fed soon will reduce the level at which it is running down the bond holdings on its balance sheet. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV LIVE: Federal Reserve Chair Jerome Powell speaks on interest rate decision — 5/1/2024