Economics

Fed’s Powell to Hold First In-Person Press Conference of Pandemic Next Week

Powell: Half-Point Fed Rate Hike on the Table for May
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Federal Reserve Chair Jerome Powell is set to hold his first in-person press conference since the pandemic began, meeting reporters following the conclusion of the U.S. central bank’s two-day policy meeting.

The Fed announced the press conference in an emailed statement Monday. The last post-meeting press briefing by Powell to be held in person was March 3, 2020, as the Fed decided to cut interest rates a half percentage point, just before Covid-19 sent the country into lockdown.