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Watch Fed President Jerome Powell’s Talk About Economy

The stream is scheduled to begin at 12:30 PM ET. Follow the link here to watch the stream..

Federal Reserve President Jerome Powell spoke Thursday in a virtual chat hosted by the Princeton University Bendheim Center for Finance.

The talks come at a pivotal moment for the Federal Reserve, which in December has pledged on current policy until it sees significant progress towards its inflation and employment targets.

As part of the response to the challenges from the COVID-1

9 outbreak, the Fed lowered its standardized short-term loan rates to near zero and bought at least $ 120 billion in bonds each month. In a recent speech, some Fed officials said they saw a strong economic recovery this year, potentially driving some of the relocation.

Read more:
The unemployment rate is 20 percent higher for the lowest-paid workers, the Fed’s Brainard said.
Fed’s Esther George warned that inflation could rise faster than expected.
Fed’s bostic sees interest rate hikes in the second half of next year.

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