The Federal Reserve Chair Jerome Powell will be delivering prepared remarks followed by a question-and-answer session at the Stanford Business, Government and Society forum on Wednesday. The stream is scheduled to start at 12:10 p.m. ET. If you don’t see a player above that time, please refresh the page.
During his last address at the Fed, interest rates were left unchanged, and Powell hinted at a possible rate cut later in the year. However, he emphasized the need for more evidence that inflation was on track to reach the Fed’s 2% goal before making any decisions.
Since then, other Fed officials have 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, while 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. To stay updated, subscribe to CNBC on YouTube.
