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Watch live: Powell holds a press conference following the May 7 FOMC rate decision

Watch live: Powell holds a press conference following the May 7 FOMC rate decision

Central Banks
Adam Button
07/05/2025 | 18:29 GMT
  • Powell will deliver an opening statement and take questions

It's almost showtime.

The initial FOMC statement was hawkish in my reading as it conceded nothing on a softening economy or jobs market while noting higher risks on both sides of its mandate. It also explained away the GDP report.

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