Categories: Economics

Watch Fed Chair Jerome Powell’s remarks on interest rate policy and the economy

[ad_1]

[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Chairman Jerome Powell is set to address the Economic Club of Washington, D.C. on Monday, as traders look for hints about when the central bank will cut interest rates. Powell will partake in a discussion with David Rubenstein, chairman of the Economic Club and co-founder of The Carlyle Group.

These will be Powell’s first remarks since Thursday’s consumer price index report, which showed that prices went down in June on a monthly basis.

Powell did deliver two days of testimony on Capitol Hill last week, where he said that the Fed viewed the risks between rising inflation and a slowing economy to be more balanced now. He also said that the central bank did not need to wait for inflation to actually reach its 2% target before cutting rates.

The Federal Reserve has a policy meeting at the end of July, but a rate cut is seen unlikely at that time. Traders have instead focused on the September meeting as a potential cut.

[ad_2]

Source link

admin

Recent Posts

Bombay High Court dismisses Abhyudaya Bank’s superseded board’s petition against RBI – ET BFSI

[ad_1] The Bombay High Court has dismissed a writ petition filed by former Chairman Sandeep…

4 days ago

SBI raises ₹10,000 crore via infra bonds

[ad_1] Mumbai: State Bank of India has raised ₹10,000 crore at a coupon rate of…

4 days ago

Russia warns U.S. is adding fuel to fire with long-range missile decision

[ad_1] Local residents walk past destroyed houses in the city, approximately 10 km from the…

4 days ago

NBA, Warner Bros. Discovery agree to settle lawsuit over live game rights

[ad_1] NBA Commissioner Adam Silver at the Allen & Company Sun Valley Conference on July 10,…

4 days ago

India’s economic growth needs more affordable interest rates, minister says – ET BFSI

[ad_1] NEW DELHI - India's economic growth requires "far more affordable" bank interest rates, the…

4 days ago

Ujjivan Small Finance Bank to sell Rs 270 crore in bad loans to asset reconstruction firms – ET BFSI

[ad_1] Ujjivan Small Finance Bank is planning to sell bad loans to the tune of…

4 days ago