The live broadcast is scheduled to commence at 9:30 a.m. Eastern Time. Kindly refresh the page if the player does not appear at that time. Federal Reserve Chairman Jerome Powell and esteemed leaders from global central banks will be speaking at a monetary policy forum held in Sintra, Portugal. This event, organized by the European Central Bank, will also feature ECB President Christine Lagarde, Bank of England Governor Andrew Bailey, and Bank of Japan Governor Kazuo Ueda.
Taking place two weeks after Powell and his colleagues made the decision to temporarily halt a series of 10 consecutive interest rate increases that began in March 2022, the forum serves as a platform to discuss their policies. While the Federal Reserve has taken a breather, other central banks, such as the ECB and Bank of England, have been more aggressive in combating inflation, with recent rate hikes being announced.
Market expectations indicate that the Federal Reserve will approve one more 0.25 percentage point increase at its July meeting before pausing to assess the impact of the previous hikes on the economy. However, during the June meeting, Fed officials penciled in two more rate hikes.
To delve deeper into the topic, click on the following link for further information: Powell expects more Fed rate hikes ahead as the fight against inflation still has a long way to go. Additionally, Fed Chair Powell acknowledges that smaller banks will likely be exempt from heightened capital requirements. Unrelated to monetary policy, Powell reveals his fondness for the band the Grateful Dead.
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