Heat oven to 350°. Line the bottom of a baking sheet or cast-iron skillet with parchment and grease with non-stick cooking spray or butter.
Combine baking powder, baking soda, flour, sugar, salt, and caraway seeds in a large mixing bowl.
Add butter cubes and cut into the dry ingredients with a pastry cutter or with your fingers until they are the size of small peas. Stir in raisins and buttermilk; mix lightly with a wooden spoon until a dough just forms.
Turn dough out onto a lightly floured surface and knead slightly and form into one 7” diameter round, using more dough as needed since the dough is sticky.
Place on prepared baking sheet. In a small bowl, whisk the egg until combined; brush the top with egg. Use a sharp knife to cut an 'X' into the top of the loaf.
Place in oven and bake about 35 minutes until a toothpick inserted in the center of the bread comes out clean.
Cool on a wire rack, cut, and serve with Open Nature® European style butter and Signature SELECT® preserves of your choice.