Federal Reserve Chairman Jerome Powell is hosting a press conference at 2:30 p.m. on Wednesday, during which he is expected to publicly address the first interest rate cuts of the year.

The Fed’s interest recommendation currently sits between 4.25% and 4.50%, and the central bank is anticipated to announce a quarter-percentage-point cut at 2 p.m. on Wednesday.

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For the past several months, Powell has been a political foe of President Donald Trump over his refusal to lower interest rates after Trump

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