Fed Chair Jerome Powell Addresses Economy and Policy Goals
Federal Reserve Chair Jerome Powell is scheduled to speak at the National Association for Business Economists annual conference in Nashville. The live stream of his speech is set to start at 1:55 p.m. ET. Powell will be discussing his assessment of the current state of the economy and sharing his policy views with the audience.
The speech comes at a critical time when the Federal Reserve is closely monitoring economic indicators and making decisions to support economic growth. Powell’s insights into the economy and future policy actions are highly anticipated by market participants and policymakers alike.
Recent Rate Cut and Future Expectations
Less than two weeks ago, the Federal Open Market Committee approved a half-percentage-point reduction in the key overnight borrowing rate. This was the first rate cut in over four years and was seen as a preemptive move to support the economy amid global economic uncertainties.
Markets are now expecting the Fed to continue with additional rate cuts this year and in 2025, depending on the trajectory of economic data. Powell’s speech at the NABE conference will provide further clarity on the Fed’s future policy direction and the factors influencing their decision-making process.
Discussion with Ellen Zentner
Following his speech, Powell will engage in a moderated discussion with Ellen Zentner, the global head of thematic and macro investing at Morgan Stanley Wealth Management. Zentner’s expertise in economic analysis and market trends will complement Powell’s insights, providing a comprehensive perspective on the current economic landscape.
The discussion between Powell and Zentner is expected to delve deeper into the nuances of the economy, the impact of recent policy decisions, and the potential challenges and opportunities on the horizon. Market participants will be keenly listening to their conversation for any clues on future policy actions and their implications for the markets.
As the live stream of Powell’s speech begins, viewers are encouraged to refresh the page if they do not see the player above at the scheduled time. Stay tuned for updates on Powell’s remarks and the ensuing discussion with Zentner as they shed light on the Fed’s economic outlook and policy goals.
