US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell arrives during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell speaks during a press conference after announcing monetary policy decision at the Federal Reserve Board Building in Washington, DC, on April 29, 2026. A divided US Federal Reserve kept interest rates unchanged for a third straight meeting Wednesday on high uncertainty from the Middle East war, in what was likely its last gathering helmed by Jerome Powell. (Photo by Kent NISHIMURA / AFP via Getty Images)

Canisters of infant formula are priced as high as $31.75 per 12.4-ounces at a market serving the Central American immigrant community in the Westlake/Pico Union area of Los Angeles, Tuesday, April 7, 2026. (AP Photo/Damian Dovarganes)