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Federal Reserve Chair Jerome Powell speaks Wednesday to the Stanford Business, Government and Society discussion board. He will ship ready remarks adopted by a question-and-answer session with a moderator.
Latest: Fed’s Powell emphasizes want for extra proof that inflation is easing earlier than slicing charges
The look follows the Fed’s assembly final month at which it held rates of interest regular and Powell indicated that the central financial institution is prone to decrease rates of interest later this yr. But he additionally stated the timing is not sure and policymakers want extra proof that inflation is shifting towards the Fed’s 2% purpose.
Since then, different officers have echoed these feedback. They see an unspecified variety of charge reductions coming however the timing is unsure. Atlanta Fed President Raphael Bostic stated Wednesday he thinks there could possibly be only one reduce this yr, although his colleagues on the Federal Open Market Committee have indicated three.
Markets anticipate the Fed to start out down the trail of easing in June or July, with a complete of three cuts coming by the tip of 2024.
Read extra
Atlanta Fed President Bostic sees just one charge reduce this yr, occurring within the fourth quarter
Fed officers nonetheless expects charge cuts this yr, however not anytime quickly
Steve Eisman says the Fed should not reduce charges, dangers making a inventory market bubble if it does
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https://www.cnbc.com/2024/04/03/watch-fed-chair-powell-speak-live-at-stanford-policy-conference-economic-forum.html
