WATCH LIVE: White House holds press briefing ahead of interest rate announcement

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Joe Biden
White House press secretary Karine Jean-Pierre speaks during the daily briefing at the White House in Washington, Tuesday, May 2, 2023. (AP Photo/Susan Walsh) Susan Walsh/AP

WATCH LIVE: White House holds press briefing ahead of interest rate announcement

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White House press secretary Karine Jean-Pierre is holding a press briefing ahead of the Federal Reserve‘s announcement on interest rates.

The briefing is scheduled to begin at 1 p.m., only an hour before the Federal Reserve’s announcement on whether it will raise interest rates.

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The central bank is expected to raise interest rates again as inflation continues to slow from its peak last summer.

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