economy
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.