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Federal
Reserve
Chair

Jerome
Powell
speaks
Wednesday
to
the
Stanford
Business,
Government
and
Society
forum.
He
will
deliver
prepared
remarks
followed
by
a
question-and-answer
session
with
a
moderator.

The
appearance
follows
the
Fed’s
meeting
last
month
at
which
it
held
interest
rates
steady
and
Powell
indicated
that
the
central
bank
is
likely
to
lower
interest
rates
later
this
year.
But
he
also
said
the
timing
isn’t
certain
and
policymakers
need
more
evidence
that
inflation
is
moving
toward
the
Fed’s
2%
goal.

Since
then,
other
officials
have
echoed
those
comments.
They
see
an
unspecified
number
of
rate
reductions
coming
but
the
timing
is
uncertain.
Atlanta
Fed
President
Raphael
Bostic
said
Wednesday
he
thinks
there
could
be
just
one
cut
this
year,
though
his
colleagues
on
the
Federal
Open
Market
Committee
have
indicated
three.

Markets
expect
the
Fed
to
start
down
the
path
of
easing
in
June
or
July,
with
a
total
of
three
cuts
coming
by
the
end
of
2024.

Read
more

Atlanta
Fed
President
Bostic
sees
only
one
rate
cut
this
year,
occurring
in
the
fourth
quarter

Fed
officials
still
expects
rate
cuts
this
year,
but
not
anytime
soon

Steve
Eisman
says
the
Fed
shouldn’t
cut
rates,
risks
creating
a
stock
market
bubble
if
it
does

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