Federal Reserve

Watch Fed Chairman Jerome Powell give his first news conference live

If you are experiencing issues watching this video, tap here to view it in your browser.

[The stream is slated to start at 2:30 pm ET. Please refresh the page if you do not see a player above at that time.]

Jerome Powell will give his first news conference as chairman of the Federal Reserve on Wednesday. He took the top position at the central bank in February.

In addition to looking for a rate increase from the policymaking Federal Open Market Committee, investors were expecting Powell to address the future of Fed policymaking.

Prior to this week's two-day meeting, the FOMC had increased its benchmark interest rate five times since December 2015. The Fed had held the rate near zero for seven years as it looked to spark a housing rebound and push investors toward riskier assets like stock and corporate bonds.

Ahead of Wednesday's announcement, markets widely expected the Fed to increase rates three times this year, but there has also been about a 40 percent probability priced in for a fourth move.

The news conference comes amid heightened expectations for economic growth. Though GDP is expected to increase only about 2 percent in the first quarter, economists are looking for that to accelerate through the year.

Read more:
Get ready to hear a lot more from Fed Chairman Jerome Powell than his predecessors
Forecasts see economic growth possibly below 2 percent to start the year
The Fed's rate hike is all but baked into the market. Here's what could surprise investors
Job growth just had another huge month, but wages were weak
Fed's Kaplan: Rate hikes are necessary as the US nears full employment

CNBC NEWSLETTERS

Get the best of CNBC in your inbox

Please choose a subscription

Please enter a valid email address
Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.