Federal Reserve Chairman is trying to maintain flexibility to respond to changes in economic environment.

Powell lauds economy, as the benchmark rate rises to 2%.

Rates rise a quarter point, as expected, and Powell exhibits policy similarities to Janet Yellen—but significant differences in style.

Fed officials also voted to continue reducing the central bank's balance sheet.

But the FOMC omits a reference to the labor market strengthening further.

But the FOMC omits a reference to the labor market strengthening further.

FOMC minutes highlight uneasiness about weak readings on inflation.

FOMC minutes highlight uneasiness about weak readings on inflation.