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US Federal Reserve Meeting 2025: Date, Time, What to Expect, and How to Watch Jerome Powell's Speech Live After the Two-Day Meeting Concludes, the Federal Open Market Committee will announce its policy decisions at 2 PM Eastern Time on May 7 (11:30 PM Indian Standard Time). The US Federal Open Market Committee (FOMC) is holding its scheduled meeting on May 6 and 7. This meeting of the US Federal Reserve, led by Jerome Powell, will assess the current economic conditions of the strongest economy in the world. During this session, the Federal Open Market Committee will consider whether changes in interest rates are necessary, which could affect the direction of US monetary policy. The current rates remain unchanged at 4.25% to 4.5% since December 2024. The Federal Open Market Committee typically meets eight times a year to discuss matters related to US inflation and interest rates. However, this will be one of the most closely watched Federal Reserve outcomes, especially by US President Donald Trump, who wants to lower prices, according to reports.