• Thu. Apr 18th, 2024

News Eyeo

All Important News

Live Stream: Fed Chair Powell Addresses Stanford Policy Conference Economic Forum


Apr 3, 2024

The stream is scheduled to start at 12:10 p.m. ET. If you do not see a player above at that time, please refresh the page. Federal Reserve Chair Jerome Powell will be speaking Wednesday at the Stanford Business, Government and Society forum. He is set to deliver prepared remarks followed by a question-and-answer session with a moderator.

During the last Fed meeting, interest rates were left unchanged, and Powell hinted at a possible rate cut later in the year. However, he stressed the importance of needing more evidence that inflation is on track to reach the Fed’s 2% goal before making any decisions.

Since then, other Fed officials have also suggested that there may be rate cuts in the future, but the timing remains uncertain. Atlanta Fed President Raphael Bostic mentioned that there could be one rate cut later this year. Still, other members of the Federal Open Market Committee have suggested up to three rate cuts.

Market expectations suggest that the Fed may initiate easing measures in June or July, with a total of three rate cuts anticipated by the end of 2024. Some experts, like Steve Eisman, have advised against rate cuts, warning of potential risks such as creating a stock market bubble. For more updates, you can subscribe to CNBC on YouTube.

By editor

Leave a Reply