Join Washington Post reporters as Jerome H. Powell, the chair of the Federal Reserve, holds a news conference after the central bank announced an update on interest rates. The Fed has hiked interest rates eight times over the last year in an effort to quell inflation, which reached a 40-year high in 2022. The Fed was expected to raise interest rates again this week. But its approach to fighting inflation now faces major headwinds: a meltdown in the banking system, emergency government interventions and shaken confidence about where the economy is headed. Powell and his colleagues were charged with deciding how — and whether — to adapt interest rate policy, which influences credit card, mortgage and car loan rates.

Libby Casey will anchor live coverage, along with Rhonda Colvin and James Hohmann, in The Post’s newsroom. Read more: https://wapo.st/3JVQLOB. Subscribe to The Washington Post on YouTube: https://wapo.st/2QOdcqK

Follow us:
Twitter: https://twitter.com/washingtonpost
Instagram: https://www.instagram.com/washingtonpost/
Facebook: https://www.facebook.com/washingtonpost/