Jerome Powell Speech Today

Jerome Powell Speech Today: What to Expect

Overview

Jerome Powell's speech today is highly anticipated by investors and economists, as the Federal Reserve Chair is expected to provide insights into the central bank's monetary policy outlook. The speech comes at a critical time, with inflation remaining elevated and the economy facing uncertainty due to geopolitical tensions.

Key Points to Watch

* Inflation Outlook: Powell is likely to discuss the Fed's assessment of inflation and its plans to bring it down to the central bank's 2% target. Investors will be eager to hear if the Fed's recent interest rate hikes have been effective in curbing inflation, and if further rate hikes are likely in the future. * Economic Growth: Powell may also provide an update on the Fed's economic growth projections. The economy has shown signs of slowing in recent months, and Powell's comments could provide insight into the Fed's view of the risks to growth. * Quantitative Tightening: The Fed has begun reducing its balance sheet, a process known as quantitative tightening. Powell may provide more details on the pace and scope of this process, which could have implications for financial markets. * Economic Outlook: Powell's speech is likely to touch on the Fed's overall economic outlook. Investors will be looking for any signals regarding the central bank's confidence in the economy's ability to withstand rising interest rates and other headwinds. * Market Reaction: Powell's speech will likely be closely watched by markets, and any significant deviations from expectations could trigger volatility. Investors should be prepared for price swings, particularly in interest rate-sensitive sectors such as technology and financials.

When and Where to Listen

Jerome Powell's speech will be delivered at the Economic Club of Washington today, October 10, 2023, at 12:00 PM ET. The speech will be live-streamed on the Federal Reserve's website.

Additional Resources

* [Federal Reserve Website](https://www.federalreserve.gov/) * [Economic Club of Washington](https://www.econclub.org/) * [CNBC](https://www.cnbc.com/markets/) * [Bloomberg](https://www.bloomberg.com/)

Jerome Powell Speech Today