Fed Meeting: Powell Passes Torch With Rate Cuts On Ice (Live Coverage)

Federal Reserve Chairman Jerome Powell is now presiding over his final rate-setting meeting, followed by a 2 p.m. ET policy statement and 2:30 p.m. news conference. The biggest question Powell will face, as far as markets are concerned, is whether he will serve out his term as a Fed governor that runs through February 2028. The Fed's current makeup will make it challenging for Kevin Warsh, Trump's nominee to take over the Fed's helm, to ease monetary policy starting in June.