Jerome Powell refused to comment on President Donald Trump's search for his Federal Reserve replacement, saying the process doesn't affect his current chair role.

Federal Reserve Chair Jerome Powell said the three rate cuts this year have put the central bank's benchmark interest rate closer to a "neutral" level, meaning it is neither boosting nor holding back the economy.

Federal Reserve Chair Jerome Powell downplayed dissenting votes against Wednesday’s decision to lower interest rates again, but a slew of finer details from the meeting revealed just how divided the central bank has become.

Powell described the latest policy move as a difficult decision, which was marked by high dissent among Fed officials. ・He said tariffs are contributing to elevated inflation but expects the impact to be a one-time price level adjustment.

Federal Reserve Chair Jerome Powell said he wasn't troubled by the three dissents from the monetary-policy decision. Asked if the dissents were counterproductive, Powell said the closed-door conversations among officials were productive and thoughtful.

It all comes down to the reason behind the weakness in unemployment and Powell’s diagnosis of the “low-hire, low-fire” economy of 2025.

As investors around the world now await Jerome Powell-led US Fed's FOMC policy meeting outcome, check the date, time, when and where to watch, and all you need to know ahead of the Federal Reserve's December policy outcome.