FOMC July 2025 meeting: Jerome Powell’s rate cut decision speech tonight. What to expect and where to watch live?

The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve concludes its two-day policy meeting tonight (IST), with Fed Chair Jerome Powell scheduled to deliver a crucial address that could shape global investor sentiment.

The meeting, which began on July 29, will wrap up on July 30 and is expected to offer clarity on whether the Fed will continue to hold rates steady or lay the groundwork for a future policy shift.

This FOMC meeting comes shortly after a public face-off between Powell and U.S. President Donald Trump, adding a layer of political tension to tonight’s announcement.


While the central bank is expected to keep the benchmark interest rate unchanged, market participants will be closely parsing Powell’s commentary for any subtle shift in tone — especially in light of the most recent U.S. inflation indicators, including CPI and PCE data for June.

What to expect from the FOMC meeting outcome?

The Fed’s latest decision arrives at a time when investors are split on whether Powell will maintain his current hawkish rhetoric or pivot toward a more dovish stance.

With no rate cut expected in this round, the focus will remain squarely on Powell’s press conference and the language used in the accompanying policy statement. Global equity, bond, and currency markets are expected to respond instantly to any deviation from current expectations.

Where to watch the FOMC briefing live

Viewers can watch the live proceedings on the official YouTube channel of the Federal Reserve (https://www.youtube.com/federalreserve). The address is scheduled for 2:00 PM ET on July 30 (which is 11:30 PM IST on Wednesday), with a press briefing expected to follow soon after.

In addition to YouTube, the speech and press conference will also be streamed live on:

• The Fed’s X (formerly Twitter) account: https://x.com/federalreserve
  
• The Fed’s official website: https://www.federalreserve.gov/live-broadcast.htm
  

Upcoming FOMC Meetings in 2025

Following the July meeting, the remaining FOMC meetings for the year are scheduled as follows:

• September 16–17
  
• October 28–29
  
• December 9–10
  

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