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Federal Reserve Chairman Jerome Powell speaks Tuesday at the annual general meeting of the Foreign Bankers Association in Amsterdam.
This is the first public appearance by a central banker since the Federal Open Market Committee again voted to keep benchmark interest rates steady, which it has done since July 2023.
Policymakers remain concerned that inflation is not showing enough evidence that it is moving closer to the Fed’s annual target of 2%. The latest data showed that prices at both consumer and wholesale levels were higher than expected, while consumer sentiment also showed elevated expectations in the short term.
Markets still expect the Fed to cut rates later this year, and Powell said after the FOMC meeting that he believes it is unlikely rates will rise from here.
Read more:
Fed keeps rates stable, noting ‘no further progress’ on inflation
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