Finance

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

[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. 

Articles You May Like

Are consumers pulling back on spending? It depends on which CEO you ask
Peloton shares drop after it announces refinancing to stave off cash crunch
Elizabeth Warren wants more student loan borrowers to know bankruptcy is easier now
Why Skipping Probate Could Save Time And Money
Artificial intelligence, great wealth transfer: Why this financial analyst sees a rosy time ahead for stocks

Leave a Reply

Your email address will not be published.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