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Federal Reserve Chairman Jerome Powell will speak at the Chicago Economic Club on Wednesday afternoon and will present policy remarks in the marketplace over the effects of President Donald Trump’s tariffs.
The appearance is Powell’s final public speech to offer before the Central Bank’s Federal Open Market Committee meets May 6-7. The market is widely hopeful that FOMC will remain varied overnight major borrowing rates in the range of 4.25% to 4.50%.
But Powell has the opportunity to explain where the Fed is heading from here. Recent statements from officials primarily reflect the view that the Fed’s policies are well positioned to adapt to the risks posed by the economy.
In a statement earlier this month, Powell said he sees Trump’s tariffs ascend to raise inflation, slow growth, and at least keep it under control for now.
read more:
Powell sees tariffs are increasing inflation, and the Fed says it will wait before charges move further
Fed Governor Waller believes tariff inflation rates are considered “temporary” in comparison to “Tush Push.”
Fed’s Kashkari says bond yields are rising and dollar show investors are moving out of the US
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