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Watch live: Federal Reserve Chair Jerome Powell press conference

Federal Reserve Chairman Jerome Powell answers questions during a Senate Banking, Housing, and Urban Affairs Committee hearing to give the Semiannual Monetary Policy Report to Congress on Wednesday, June 22, 2022.

Federal Reserve Chairman Jerome Powell will hold a press conference Wednesday afternoon following the conclusion of the Federal Open Market Committee meeting and an expected announcement of a 0.75 percent increase in the federal funds rate.

The event is slated for 2:30 p.m. ET.

Watch the live video above.