Prices are now projected to rise faster than expected at least in part and perhaps largely due to Trump's plans to levy duties on imports from U.S. trading partners, Fed Chair Powell said.

President Donald Trump was quick to disagree with the Federal Reserve’s policy decision Wednesday—he wants rate cuts.The Fed held interest rates steady before Trump reiterated his long-held view that the central bank should be lowering borrowing costs in a social media post late Wednesday.

Federal Reserve Chair Jerome Powell will speak to reporters on Wednesday afternoon following a meeting where the Fed will update its interest rate projections.

Welcome to Investopedia's live blog of the Federal Reserve's March meeting. Here, we will bring you the latest news on the Fed's decision, explain what it means, and provide analysis.