FILE - Federal Reserve Chair Jerome Powell speaks at a news conference Wednesday, Sept. 21, 2022, at the Federal Reserve Board Building, in Washington. The Federal Reserve may reach a turning point this week as it announces what's expected to be another substantial three-quarter-point hike in its key interest rate. The Fed's hikes have already led to much costlier borrowing rates, ranging from mortgages to auto and business loans. (AP Photo/Jacquelyn Martin, File)
Federal Reserve Chairman Jerome Powell will hold a press conference Wednesday afternoon to discuss what’s expected to be a three-quarters-of-a-point interest rate hike in a continuation of this year’s series of increases.
The event is scheduled for 2:30 p.m. ET.
Watch the live video above.