Eden Villalovas is a breaking news reporter. Eden graduated from the University of Colorado, Boulder, in May 2022, where she served as the managing editor of the Bold.
Federal Reserve Chairman Jerome Powell is holding a press briefing on the agency's decision to hold interest rates steady as inflation remains elevated and job gains continue.
Since last year, the Fed has raised rates to a range of 5.25 to 5.5 percent in an effort to ease inflation, marking the highest level in more than 22 years.Powell announced the Federal Reserve's rate decision earlier Wednesday. He is expected to start speaking at 2:30 p.m. EDT.
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