Federal Reserve Chair Jerome Powell Speaks at New York Times DealBook Conference

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Federal Reserve Chair Jerome Powell is set to speak Wednesday at the New York Times DealBook conference. This appearance comes just two weeks ahead of the central bank’s decision on interest rates and is Powell’s final public appearance before the announcement.

Market expectations are high for the Fed to lower its benchmark interest rate by another quarter percentage point from its current target range of 4.5%-4.75%. In September and November, the rate-setting Federal Open Market Committee had already lowered the federal funds rate by a combined three-quarters of a point.

Recent comments from policymakers suggest some concern about the slight increase in the inflation rate, signaling a cautious approach to policy as they monitor the data closely.

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