Federal Reserve Holds Rates, With Dissents. Powell Will Remain Fed Governor 'For A Period Of Time' (Live Coverage)

The Federal Reserve held its key interest rate steady on Wednesday as Chairman Jerome Powell presided over his final meeting. Kevin Warsh, President Donald Trump's nominee to replace him, will take over prior to the next meeting on June 17. With oil prices continuing to jump on Thursday, markets see negligible odds of a rate cut before the end of the year.