#USElectronicsTariffs
Burning. Powell will speak
Federal Reserve Chairman Jerome Powell is scheduled to give a speech at 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 the time that it is still too early to determine what the correct response to the tariffs would be. Investors are looking to the Federal Reserve to provide some reassurance that it is ready to intervene to calm sentiment if the tariffs lead to further rounds of severe market pressure, while Trump himself has urged the central bank to lower interest rates.
Crucially, analysts noted that Powell's upcoming statement will be the first since Trump revealed a partial 90-day delay in his sweeping tariffs last week after a massive bout of turmoil in the stock and bond markets.
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