Federal Reserve Chair Jerome Powell Holds His News Conference After The Federal Open Market Committee Meeting

WASHINGTON, DC - JULY 26: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on July 26, 2023 at the Federal Reserve in Washington, DC. The Federal Reserve announced that it will raise the interest rate by a quarter of a percentage point, bringing the benchmark borrowing rate to a range of 5.25% and 5.5%. (Photo by Alex Wong/Getty Images)