Fed Chair Jerome Powell speaks at Dealbook conference

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Fed Chair Jerome Powell speaks at Dealbook conference

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Federal Reserve Chair Jerome Powell speaks Wednesday at the New York Times DealBook conference.

The appearances comes two weeks ahead of when the central bank will announce its decision on interest rates and is Powell’s last public appearance before then.

Markets strongly expect the Fed to lower its benchmark interest rate by another quarter percentage point from its current target range of 4.5%-4.75%. The rate-setting Federal Open Market Committee lowered the federal funds rate by a combined three quarters of a point at its September and November meetings.

In recent days, policymakers have expressed some concern about the recent edge up in the inflation rate, indicating a cautious approach on policy as they watch the data.

Read more:Fed Governor Waller says he is ‘leaning toward’ a December rate cut, but worries about inflationFed’s preferred inflation gauge rises to 2.3% annually, meeting expectationsFed officials see interest rate cuts ahead, but only ‘gradually,’ meeting minutes show

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