Federal Reserve Chair Jerome Powell said Wednesday that inflation has moved up since earlier in the year and remains somewhat elevated, as the central bank cut interest rates by a quarter point. Read more: cnb.cx/4p3yb99 | CNBC

Federal Reserve Chair Jerome Powell says that the inflationary effects of tariffs could be "more persistent" during a news conference on Wednesday. Find more: cnb.cx/4p3yb99 | CNBC

Fed Chair Jerome Powell on Wednesday acknowledged the recent trend of layoffs across all sectors, noting AI could "absolutely" have implications for job creation. "We're watching that very carefully," Powell said. Read more: cnb.cx/4p3yb99 | CNBC

During a news conference, Federal Reserve Chair Jerome Powell noted that members of the rating-setting FOMC were far from unified about what the central bank’s next move should be. Find more: cnb.cx/4p3yb99 | CNBC

Fed Chair Jerome Powell was asked on Wednesday about the ongoing federal government shutdown, which is currently the second-longest in U.S. history, and how it could make policy decisions more challenging for the central bank going forward. The shutdown presents a lack of economic data as the federal government has halted the collection of key reports on employment and inflation until it reopens. Read more: cnb.cx/4p3yb99 | CNBC