Federal Reserve

Watch Federal Reserve Chairman Jerome Powell's news conference live

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Federal Reserve Chairman Jerome Powell was scheduled to meet with the press via teleconference Wednesday afternoon following the Federal Open Market Committee meeting.

The Fed just kept its benchmark interest rate anchored near zero and pledged to keep it there until the economy recovers.

The central bank has taken unprecedented steps over the past two months to help stabilize financial markets and see the economy through the shutdown brought on by efforts to halt the coronavirus spread. The Fed has cut its benchmark interest rate to near zero and instituted 10 other programs aimed at market function and getting money to households and businesses in need.

While Powell has conducted other interviews, this is the second time he has held a full news conference since the extraordinary measures began.

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