Federal Reserve Chair Jerome Powell Speaks Today
Powell's Speech Follows Latest Interest-Rate Decision
FED Holds Rates Steady, But Powell Says Cut Could Happen Soon
Federal Reserve Chair Jerome Powell is set to speak at 2:30 p.m. ET today, following the central bank's latest interest-rate decision.
The Fed held rates steady at its meeting on Wednesday, but Powell said that a cut could happen as soon as the next meeting.
The FOMC is attentive to risks to both the upside and downside, Powell said.
Powell's speech will be closely watched for any further clues about the Fed's plans for interest rates.
The Fed has been under pressure to cut interest rates in order to boost the economy. However, the central bank has been reluctant to do so, citing concerns about inflation.
Powell's speech today could provide more insight into the Fed's thinking on interest rates and the economy.
- Federal Reserve Chair Jerome Powell is set to speak at 2:30 p.m. ET today.
- The speech will follow the central bank's latest interest-rate decision.
- The Fed held rates steady at its meeting on Wednesday.
- Powell said that a cut could happen as soon as the next meeting.
- The FOMC is attentive to risks to both the upside and downside.
Powell's speech will be closely watched for any further clues about the Fed's plans for interest rates.
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