Watch Fed Chairman Jerome Powell speak live on monetary policy
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.]
Federal Reserve Chairman Jerome Powell speaks Friday on the “Views on Financial Coverage” panel on the Thomas Laubach Analysis Convention the central financial institution is internet hosting in Washington, D.C.
The remarks include markets abruptly divided on the place the Fed goes from right here. Market pricing Friday morning indicated a few 35% likelihood the Fed may approve one other rate of interest hike when it meets in June, in accordance with the CME Group.
Current information has indicated a resilient economic system and labor market and inflation that, whereas abating from its highs of 2022, nonetheless is effectively above the Fed’s 2% goal.
In current days, regional presidents Lorie Logan of Dallas and Loretta Mester of Cleveland have indicated a stronger inclination to boost, whereas Austan Goolsbee of Chicago and Raphael Bostic of Atlanta have backed a extra cautious strategy.
The Fed subsequent week will launch minutes from its assembly earlier in Could at which it authorised its tenth rate of interest hike since March 2022.
Dallas Fed President Logan says present information would not justify pausing charge hikes but
Fed Governor Philip Jefferson named as new vice chair to succeed Lael Brainard
Fed will increase charges 1 / 4 level and indicators a possible finish to hikes