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Federal Reserve Chairman Jerome Powell spoke with news media members Wednesday after the central bank wrapped up its two-day policy meeting.

Earlier in the day, the Fed kept interest rates unchanged, citing a lack of inflation.

Markets were not expecting the Fed to raise rates, but the central bank nonetheless has had to consider myriad issues in recent days, including an economy that continues to hum along, low inflation, and extraordinary political pressure from the White House to loosen monetary policy.

Powell holds news conferences after each of the Federal Open Market Committee's meetings, a departure from past practice where the sessions only took place quarterly.

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