WASHINGTON, DC - MARCH 20: Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank's William McChesney Martin building on March 20, 2024 in Washington, DC. Following a meeting of the Federal Open Markets Committee, Powell announced that the Fed left interest rates unchanged at about 5.3 percent, but suggested it may cut rates three times later this year as inflation eases. (Photo by Chip Somodevilla/Getty Images)Photo: Chip Somodevilla / Getty Images News / Getty Images