Jerome Powell holds final press conference as Federal Reserve chair amid leadership transition

Apr 29, 2026, 10:15:41 AM UTC(1 hour ago)

Impact: Very High

Affected Assets

Federal Reserve Chair Jerome Powell is conducting his final FOMC press conference today as his term concludes on May 15 2026
The Senate Banking Committee is concurrently voting on the confirmation of Kevin Warsh who has been nominated to succeed Powell as the next chair
Markets anticipate the central bank will maintain interest rates between 3.50 percent and 3.75 percent due to persistent inflation and energy price shocks from the ongoing Iran conflict
Investors are closely monitoring whether Powell will remain on the Fed Board of Governors after stepping down from the chairmanship
Analysts report an 80 percent probability that interest rates will remain unchanged for the remainder of 2026 as the Fed maintains a wait and see approach

🇺🇸 Today, Jerome Powell will deliver his last FOMC press conference as Federal Reserve Chair. https://t.co/demmFPDfUg