#USElectronicsTariffs
The market is ready to meet the Fed.. A hot week for turbulent markets. Powell will speak
It is expected that Federal Reserve Chairman Jerome Powell will address the Economic Club of Chicago on Wednesday.
Powell previously warned on April 4 that Trump's tariffs are "higher than expected" and could lead to rising inflation and slowed growth.
However, he noted at the time that it was too early to determine what the appropriate response to the tariffs would be. Investors are looking for assurance from the Fed that it is ready to intervene to calm sentiments if the tariffs lead to further intense pressure on the market, while Trump himself has urged the central bank to lower interest rates.
Critically, analysts noted that Powell's upcoming statement will be the first since Trump announced a partial 90-day delay of his tariffs last week following a huge amount of turmoil in the stock and bond markets.
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