The Fed Chair leads the Federal Reserve’s Board of Governors and chairs the Federal Open Market Committee, setting the course for U.S. monetary policy—everything from interest rates to quantitative easing.

A prominent House Republican who is in charge of a monetary policy task force told Yahoo Finance he still supports Jerome Powell as Federal Reserve chair on a day when President Trump once again criticized the central bank boss for not lowering interest rates.

The Fed leader discussed the decision to hold rates steady, the outlook for inflation and the economy, and the possible effects of tariffs.

The Federal Reserve on Wednesday afternoon announced its latest decision on interest rates, leaving the benchmark rate unchanged as broadly expected.

Fed Chair Jerome Powell is set to speak with reporters after the Federal Reserve's decision to hold interest rates steady amid widespread economic uncertainty tied to President Trump's tariffs.

Fed Chair Jerome Powell kicked off his post-meeting press conference by saying the central bank remains “squarely focused” on its dual mandate, and the Fed held rates steady because “the risks of higher unemployment and higher inflation have risen.

History suggests that President Donald Trump's new "Too Late" nickname for Fed Chair Jerome Powell has a strong chance of coming true. Fed leaders have been criticized as slow to act absent compelling data showing them something needs to be done.