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Federal Reserve Chairman Jerome Powell speaks Thursday in a virtual chat hosted by the Princeton University Bendheim Center for Finance.
The talk comes at a pivotal time for the Federal Reserve, which in December committed to its current policy until it sees substantial progress towards its goals regarding inflation and employment.
As part of its response to the challenges from the Covid-19 pandemic, the Fed has cut its benchmark short-term lending rate to near zero and is buying at least $120 billion of bonds each month. In recent speeches, some Fed officials have said they see the economy bouncing back strongly this year, possibly pushing up the removal of some of the accommodation.
The unemployment rate is above 20% for the lowest-paid workers, Fed’s Brainard says
Fed’s Esther George cautions that inflation could rise faster than expected
Fed’s Bostic sees possible interest rate hike as soon as the second half of next year
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