Federal Reserve Chairman Jerome Powell speaks at a European Central Bank forum on Tuesday morning. The panel focuses on the macroeconomy amid policy shifts. It takes place in Sintra, Portugal. Other panelists include: Andrew Bailey, Governor of Bank of England; Christine Lagarde, President of European Central Bank; Chang Yong Rhee, Governor of Bank of Korea; and Kazuo Ueda, Governor of Bank of Japan.
Powell’s commentary comes after the U.S. Federal Reserve once again held interest rates steady at its policy gathering last month. Despite pressure from President Donald Trump to lower the borrowing cost, Powell said recently that the central bank was "well positioned" to wait on a rate cut.
His remarks also come ahead of closely watched jobs data due later this week.
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Federal Reserve Chair Jerome Powell speaks at an ECB panel in Portugal — 7/1/2025
