July 14, 2024

Westside People

Complete News World

Watch Fed Chair Powell and ECB President Lagarde speak live at the Central Bank Policy Forum

Watch Fed Chair Powell and ECB President Lagarde speak live at the Central Bank Policy Forum

[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Chair Jerome Powell joins a panel of his global peers on Tuesday at the European Central Bank Forum.

Powell will join European Central Bank President Christine Lagarde and Brazil’s central bank governor Roberto Campos Neto at the ECB’s forum on central banking in Sintra, Portugal. CNBC’s Sarah Eisen will moderate the forum. The event comes as investors closely watch how central bank policymakers are responding to inflation dynamics around the world.

In the US, the Fed under Powell has kept key interest rates steady over the past year despite inflation falling sharply from its mid-2022 peak. The European Central Bank under Lagarde cut rates by a quarter point to 4.25%, while the Bank of Japan under Nieto cut rates by a quarter point in May to bring its benchmark rate down to 10.5%.

Traders largely expect the Fed to start cutting rates in September with another cut by the end of the year and quarterly downward moves through at least September 2025. However, Fed officials indicated in June that they expected only one cut this year.

Read more:
The creator of the ‘Sahm Rule’ recession indicator says the Fed is ‘playing with fire’ by not cutting rates.
Fed keeps rates steady, signals only one cut this year
Morgan Stanley strategist says Fed, ECB could cut rates in September

Subscribe to CNBC on YouTube.

See also  BTC drops below $25,000 as XRP and ADA cryptocurrency drop