#PowellRemarks

Federal Reserve Chair Jerome Powell is scheduled to speak on Wednesday afternoon, and many are watching closely to see what he says about interest rates. The central bank is widely expected to keep rates steady, even though former President Trump has been openly calling for a rate cut to boost the economy.

While Powell is respected and experienced in monetary policy, some critics argue that his recent track record hasn’t been very strong. For example, he previously called the inflation under President Biden "transitory," a prediction that turned out to be inaccurate. Critics also believe the Fed underestimated the economic impact of tariffs.

In this case, Trump may have a point. Now many believe that lowering interest rates could help stimulate growth during a period of uncertainty and slowdown.