$BTC
The market is set to meet the Federal Reserve... A hot week for a blazing market. Powell will speak
Federal Reserve Chairman Jerome Powell is scheduled to address the Economic Club in Chicago on Wednesday.
Powell previously warned on April 4 that Trump's tariffs are "larger than expected" and could lead to rising inflation and slowing growth.
However, he noted at that time that it was still too early to determine what the correct response to the tariffs would be. Investors are looking to the Federal Reserve for some reassurance that it is ready to intervene to calm sentiments in case the tariffs lead to further rounds of intense market pressure, while Trump himself has called on the central bank to cut interest rates.
Crucially, analysts noted that Powell's upcoming statement will be the first since Trump revealed a partial 90-day delay of his comprehensive tariffs last week following a massive bout of turmoil in the stock and bond markets.