Watch Fed Chair Jerome Powell speak live to an economics class at Harvard
This will be one of Powell's final scheduled public appearances before his term ends in May.
TL;DR
- Fed Chair Jerome Powell spoke at Harvard's Principles of Economics class.
- This is one of Powell's last scheduled public appearances before his term ends in May.
- Markets anticipate the Federal Reserve will hold interest rates steady through the end of the year.
- Powell characterized the economy as growing at a solid pace and is not concerned about stagflation.
- He noted policymakers are cautious due to the Iran war, tariffs, and a stagnant labor market.
- Powell's term ends May 15; his successor, Kevin Warsh, awaits Senate confirmation.
- Confirmation is held up by an investigation into renovations at the Fed's headquarters, with a subpoena to Powell previously quashed.