Finance

Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam

Products You May Like

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers’ Association in Amsterdam.

The appearance is the central bank leader’s first public address since the Federal Open Market Committee voted again to keep its benchmark interest rate steady, which it has done since July 2023.

Policymakers remain concerned that inflation is not showing enough evidence that it is moving toward the Fed’s 2% annual target. Recent data points have shown prices both at the consumer and wholesale levels running hotter than expected while consumer sentiment also has shown elevated expectations over the short term.

Markets still expect the Fed to lower rates later this year, and Powell said following the FOMC meeting that he thinks it is unlikely that rates will increase from here.

Read more:
Fed keeps rates steady as it notes ‘lack of further progress’ on inflation
Wall Street is confused and divided over how many times the Fed will cut rates this year
Consumer sentiment tumbles as inflation fears surge

Subscribe to CNBC on YouTube. 

Products You May Like

Articles You May Like

UAW challenges Mercedes-Benz union vote, asks NLRB for new election
Distilled Spirits Taxes by State, 2024
Does college still pay? Workers without a degree are doing better than they have in years, report finds
Cash discounts, while still rare, are up over 60% from 2015. Here’s how much you can save
Wall Street ponders what happens to booming private credit market when you-know-what hits the fan

Leave a Reply

Your email address will not be published. Required fields are marked *