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Watch Fed Chair Jerome Powell speak live in a Q&A at the Cato Institute

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Federal Reserve Chairman Jerome Powell speaks Thursday morning in a question-and-answer session at the Cato Institute, a Washington, D.C.-based think tank.

His remarks come with markets widely expecting the Fed to make a third consecutive 0.75 percentage point interest rate increase when it meets again Sept. 20-21.

In his most recent public remarks, delivered at the central bank's annual Jackson Hole, Wyoming symposium, Powell said this is "no place to stop or pause"; when it comes to raising interest rates. Vice Chair Lael Brainard on Wednesday backed up those remarks, pledging that the Fed is "in this for as long as it takes"; to successfully bring down inflation.

The Fed has raised its benchmark borrowing rate four times this year, to a target range of 2.25%-2.5%. Cleveland Fed President Loretta Mester has said she'd like to see the rate climb above 4% by early 2023.

Read more
Market bracing for another three-quarter point hike from the Fed this month
Fed's Williams pushes back on market expectations of a rate cut next year
Fed rate hikes won't bring down inflation as long as government spending stays high, paper says

Source: https://www.cnbc.com/2022/09/08/watch-fed-chair-jerome-powell-speak-live-in-qa-at-the-cato-institute.html


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