Powell's Last Stand Killed The Rate-Cut Trade: What's The Risk Of A Hike Now?
Jerome Powell used his final press conference as Federal Reserve chair to deliver an unexpected message: he is not leaving the Fed. When his term expi...
Last updated: 2026-04-30 01:56:54 ET
Jerome Powell used his final press conference as Federal Reserve chair to deliver an unexpected message: he is not leaving the Fed. When his term expi...
Markets had widely expected the central bank to hold its benchmark rate in the 3.5% to 3.75% range.
Bettors on the platform don't think Powell will leave until August. If he stays on until then, he'd attend two more meetings of the FOMC.
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