#USElectronicsTariffs

The market is set for the Federal Reserve... A hot week for volatile markets. 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 indicated at that 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 for some reassurance that it is prepared to intervene to calm sentiment should the tariffs lead to further rounds of severe pressure in the market, while Trump himself has urged the central bank to cut interest rates.

Crucially, analysts noted that Powell's upcoming statement will be the first since Trump unveiled a partial 90-day delay for his comprehensive tariffs last week following a massive bout of turmoil in the stock and bond markets.