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Powell’s press conference, Federal Reserve meeting: LIVE Updates - Fox Business

The Federal Reservemaintained ultra-low interest rates and reaffirmed its commitment to other easy monetary policies as the U.S. economy faces down a pair of new threats: surging inflation and rising COVID-19 infections that prompted the CDC to reinstate a select mask mandate.

U.S. stocks attempted to regain some footing with modest gains for the S&P 500 and Nasdaq Composite while the Dow Jones Industrials remained under pressure. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34996.07 -62.45 -0.18%
SP500 S&P 500 4409.93 +8.47 +0.19%
I:COMP NASDAQ COMPOSITE INDEX 14796.19726 +135.62 +0.93%

Chairman Jerome Powell's press conference tackled the emerging COVID-19 Delta variant, inflationary trends, and the ongoing debate about tapering. 

FOX Business' LIVE Blog below, monitored the developments and market reaction. Mobile users click here.

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