Fed Chair Powell Speaks After Interest Rate Decision Released

Federal Reserve Chairman Jerome Powell holds a press conference at 2:30 p.m. ET on July 26, after releasing an interest rate decision.

The Fed raised the federal funds rate by 25 basis points at the July Federal Open Market Committee (FOMC) policy meeting, lifting the target range to 5.25 and 5.50 percent. Rate-setting Committee members voted unanimously for the policy decision.