Fed Chair Powell's rate decision and next steps expected Wednesday

interest rates central banks

The Federal Reserve will meet this week as Jerome H. Powell presides over what is likely to be his last meeting as chair. Policymakers are expected to continue their cautious approach and hold interest rates steady.

The central bank is currently contending with rising inflation amid the war and a lackluster job market, all while facing the departure of Powell.

Wednesday's news conference will be closely watched for any clarification regarding a looming leadership transition that remains fuzzy.

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