(The stream is scheduled to begin at 9:30AM ET. If you don’t see the player above, please refresh the page.)

Federal Reserve Chairman Jerome Powell and other global central bank leaders spoke Wednesday morning at a monetary policy forum in Sintra, Portugal.

Joining Powell at the event hosted by the ECB were ECB President Christine Lagarde, Bank of England Governor Andrew Bailey and Bank of Japan Governor Kazuo Ueda.

Two weeks ago, Powell and his Fed colleagues decided to hold off on a streak of 10 rate hikes starting in March 2022. Still, other central banks continue to act aggressively. Both the European Central Bank and the Bank of England recently announced interest rate hikes to combat inflation.

Markets expect the Fed to approve another 0.25 percentage point hike at its July meeting before pausing hikes as officials watch the impact on the economy. Fed officials, however, projected two more rate hikes at their June meeting.

read more:
Powell sees further Fed rate hikes ahead as fight against inflation ‘still a long way to go’
Fed Chair Powell says smaller banks may be exempt from higher capital requirements
Listen to the music: Fed chair Jerome Powell admits he’s a dork

Subscribe to CNBC on YouTube.


Leave a Reply

Your email address will not be published. Required fields are marked *