Watch Fed Chair Powell speak live to business leaders in Dallas area

The Federal Reserve Chair, Jerome Powell, is scheduled to address business leaders in the Dallas-Fort Worth area on monetary policy. The event will be live-streamed starting at 3 p.m. ET. If the player does not appear above at that time, please refresh the page to access the stream.

Powell’s speech will be followed by a Q-and-A session with attendees. This appearance comes on the heels of the Fed’s recent decision to lower interest rates by a quarter percentage point, marking the third consecutive rate cut. The federal funds rate now stands at a range between 4.5% and 4.75%.

Despite the rate cuts, economic indicators this week have shown stubborn inflation rates. Consumer price inflation is at 2.6%, while wholesale prices are at 2.4%. Core inflation, which excludes volatile food and energy prices, remains considerably higher. These readings suggest that inflation continues to be a significant concern for policymakers.

Market expectations point to another rate cut in December, with a pause likely in January as officials evaluate the impact of previous easing measures. Powell and his colleagues at the Fed are under pressure to strike a balance between supporting economic growth and managing inflationary pressures.

For more insights and updates on economic developments, be sure to subscribe to CNBC on YouTube for the latest news and analysis. Stay tuned for Powell’s remarks and the market’s reaction to his comments on monetary policy and inflation.