The policymaker discussed the Fed’s decision to hold rates steady and its latest summary of economic projections.

The current stance of policy is "well positioned' to respond in a timely manner if the central bank needs to act, Federal Reserve Chair Jerome Powell said at his post-decision press conference on Wednesday after the central bank kept its policy rate unchanged at 4.

Fed Chair Jerome Powell is speaking with reporters after the Federal Reserve's June 18 decision to hold interest rates steady, as expected. Investors and analysts are looking for any indications on the Fed's path for the rest of 2025.