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Federal Reserve Chair Jerome Powell speaks Friday to the Society for Advancing Enterprise Enhancing and Writing convention in Arlington, Virginia.
The central financial institution chief’s look, together with ready remarks and a Q-and-A session after, comes at a time of heightened market uncertainty relating to President Donald Trump’s aggressive tariffs in opposition to U.S. buying and selling companions.
In March, the Fed voted to carry its benchmark rate of interest regular whereas noting the problems over commerce coverage. Different Fed officers in current days have expressed assist for staying in a holding sample till coverage points grow to be clearer, although markets are pricing in 4 or 5 cuts this yr.
Learn extra:
Federal Reserve is unlikely to rescue markets and economic system from tariff turmoil anytime quickly
Trump’s tariff gambit will elevate the stakes for an economic system already wanting fragile
JPMorgan raises recession odds for this yr to 60%
