FOMC Press Conference, April 29, 2026

Board of Governors of the Federal Reserve System / Federal Open Market Committee · April 29, 2026

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Opening remarks and policy decision

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Chair Jerome Powell opened the press conference with an overview of the economy and announced that the FOMC decided to leave the policy rate unchanged; he said the committee views the current stance as appropriate to promote maximum employment and a 2% inflation goal.

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Federal Reserve Chair Jerome Powell said the Federal Open Market Committee left the target federal funds rate unchanged and described elevated inflation and uncertainty from higher energy prices; he also said he will remain on the Board as a governor until a Justice Department investigation reaches finality.

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Transcript

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