US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell arrives during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)