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The stream is scheduled to begin at 12:30 p.m. ET. Follow the link here to watch the stream.
Federal Reserve Chairman Jerome Powell speaks Thursday in a virtual discussion hosted by Princeton University’s Finance Center in Bendheim.
The speech comes at a pivotal moment for the Federal Reserve, which in December pledged to stick to its current policy until it sees substantial progress towards its inflation and jobs targets.
As part of its response to the challenges of the Covid-19 pandemic, the Fed has reduced its benchmark short-term lending rate to near zero and is buying at least $ 120 billion in bonds each month. In recent speeches, some Fed officials have said they see the economy rebounding strongly this year, possibly pushing for some of the accommodations to be removed.
Read more:
Unemployment rate is over 20% for lowest-paid workers, Fed Brainard says
Fed’s Esther George warns inflation could rise faster than expected
Fed’s Bostic eyes possible interest rate hike as early as second half of next year
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