Fed Chair Jerome Powell is speaking in a press conference following the conclusion of the FOMC policy meeting.
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- Fed Chair says surveys point to heightened uncertainty about economic outlook
- Fed Chair Powell says labor market conditions ‘broadly in balance’
- FOMC economic projection for 2025-end see higher PCE inflation, lower GDP
- Fed median projection for end 2025 Federal funds rate remains at 3.9%
- Federal Reserve keeps federal funds rate unchanged at 4.25%-4.50%