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Federal Reserve Chairman Jerome Powell speaks Friday to an audience at Spelman College in Atlanta. He is scheduled to participate in a fireside chat following his speech.
His remarks come with market pricing indicating that the Fed is done hiking rates and could start cutting as soon as March 2024. However, officials have been reluctant to discuss the possibility of policy easing, maintaining that the recent progress against inflation isn’t enough.
Powell’s remarks will be his last policy address before the rate-setting Federal Open Market Committee meets on Dec. 12-13.
Read more:
Here’s what it would take for the Fed to start slashing interest rates in 2024
Fed’s Barkin says rate hikes are still on the table if inflation doesn’t continue to ease
U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated
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