Federal Reserve Chair Jerome Powell speaks during a news conference following the November 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building, in Washington, DC, November 7, 2024.
[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.]
Federal Reserve Chair Jerome Powell speaks Thursday to business leaders in the Dallas-Fort Worth area on monetary policy. Powell is delivering a speech followed by a Q-and-A session.
The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point, or 25 basis points. That followed a half-point cut in September and left the federal funds rate in a range between 4.5% and 4.75%.
We've got the news you need to know to start your day. Sign up for the First & 4Most morning newsletter — delivered to your inbox daily. >Sign up here.
Economic readings this week, however, showed that inflation has proven sticky, with consumer price inflation at 2.6% and prices at the wholesale level at 2.4%. The measures are considerably higher for core inflation, which excludes food and energy costs.
Markets expect the Fed to cut again in December then likely skip the January meeting as officials assess the effect of the policy-easing moves so far.
Read more:
Annual inflation rate hit 2.6% in October, meeting expectations
Powell and the Fed won't be able to avoid talking about Trump forever
Here's why inflation may look like it's easing but is still a huge problem
