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

Federal Reserve Chair Powell to Speak at Stanford Forum; Interest Rate Cuts Expected, but Timing Uncertain

Federal Reserve Chair Jerome Powell will be speaking at the Stanford Business, Government and Society forum on Wednesday. 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.

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.

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