Federal Reserve says interest rates will stay at 2-decade high until inflation further cools Associated Press Wednesday, May 1, 2024 4:39 p.m. | Wednesday, May 1, 2024 4:39 p.m. Go Ad-Free Today! AP Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington. AP Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, May 1, 2024. AP Federal Reserve Board Chair Jerome Powell arrives for a news conference at the Federal Reserve in Washington, Wednesday, May 1, 2024. AP Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, May 1, 2024. AP Federal Reserve Board Chair Jerome Powell arrives for a news conference at the Federal Reserve in Washington, Wednesday, May 1, 2024. AP Federal Reserve Board chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, March 20, 2024. AP Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, May 1, 2024. Share this post: Facebook Twitter LinkedIn Reddit Email