Watch Fed Chair Jerome Powell speak live on monetary policy

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Federal Reserve Chair Jerome Powell speaks on Friday at the panel “Perspectives on Monetary Policy” at the Thomas Laubach Research Conference hosted by the Federal Reserve in Washington, DC

The comments come at a time when markets are suddenly divided on how the Fed will proceed. Market prices given on Friday morning about 35% probability According to the CME Group, the Fed could agree to another rate hike at its June meeting.

Recent data points to a resilient economy and labor market, and inflation, while declining from its 2022 highs, is still well above the Fed’s 2% target.

In recent days, regional presidents Lorie Logan of Dallas and Loretta Mester of Cleveland have indicated a stronger bias toward an increase, while Austan Goolsbee of Chicago and Raphael Bostic of Atlanta advocated a more cautious approach.

The Fed is set to release minutes next week from its early May meeting, where it approved its 10th rate hike since March 2022.

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