Powell's Last FOMC: Press Conference Live Breakdown

Powell held his final FOMC press conference today and drew a hard line on Fed independence. Rates stayed at 3.5 to 3.75, oil at $111 is keeping inflation sticky, and Powell hinted at a 3.2% Core PCE Thursday. He is staying on as governor until the DOJ probe is fully dropped, and warned Warsh that any sign of doing Trump's bidding will get called out publicly. Bitcoin pulled back to 74K, S&P unfazed.Chapters:(00:00) Today is FOMC day, three things to watch(05:23) Powell live: prepared statement and rate hold(09:33) Powell on Warsh transition and Fed independence(12:43) Powell defends his governor seat from DOJ probe(15:53) Inflation question: oil and tariffs vs 2 percent goal(20:23) Q&A on next cut, dot plots, and Warsh communication style(40:23) Powell on hike vs cut: leaving room for Warsh(48:23) Q&A wraps: gas prices, neutral rate, political pressure(53:23) Warsh independence test: Powell's hard line(63:23) Closing summary: market reaction and next catalysts(87:23) Outro and CTAs