Federal Reserve Chair Powell Discusses Tariffs and Monetary Policy at Economic Club of Chicago
The stream of Federal Reserve Chair Jerome Powell’s speech at the Economic Club of Chicago is set to begin at 1:30 p.m. ET. If the player does not appear above at that time, please refresh the page to watch the live event.
During his speech on Wednesday afternoon, Powell will address the current economic landscape and the impact of President Donald Trump’s tariffs. With markets on edge, Powell’s remarks are highly anticipated as the Federal Open Market Committee (FOMC) prepares to meet on May 6-7 to discuss monetary policy.
Market expectations suggest that the FOMC will maintain the current key overnight borrowing rate between 4.25% and 4.50%. However, Powell’s speech will provide insights into the Fed’s future direction. Recent statements by Fed officials indicate the central bank’s readiness to adapt to economic risks.
Earlier in the month, Powell expressed concerns about the inflationary effects of Trump’s tariffs and their potential impact on economic growth. This cautious approach suggests that the Fed may hold off on further rate adjustments for the time being.
For more insights:
– Powell’s views on tariffs and inflation
– Fed Governor Waller’s perspective on tariff-related inflation
– Fed’s Kashkari’s analysis of bond yields and the dollar
Stay tuned for Powell’s address at the Economic Club of Chicago as he provides valuable insights into the Fed’s stance on current economic challenges.
