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Federal Reserve Chairman Jerome Powell addresses the Wilson Center’s Washington Forum on the Canadian Economy on Wednesday in what is likely to be his last policy speech before the next central bank meeting.
Powell will be joined by Bank of Canada Governor Tiff Macklem, and together they are expected to discuss “the economic outlook, monetary policymaking in their respective countries, and the continued value of the Canada-US economic relationship,” according to a release from the Wilson Center. website.”
The look comes with markets expecting the Fed to keep its benchmark lending rate steady until at least September. Recent higher-than-expected inflation readings have forced investors to recalibrate expectations that the Fed would lower interest rates permanently this year.
Read more:
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