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Federal Reserve Chairman Jerome Powell delivers his latest views on the economy Tuesday morning to a virtual gathering of the National Association for Business Economics.
The official topic of the speech is “Global Reset? Economics, Business and Policy in the Pandemic” and comes amid a change in Fed policy that will keep short-term interest rates anchored near zero for years. At its most recent meeting, in September, the Federal Open Market Committee said it will seek to average inflation at more than 2%, meaning it won’t hike rates until inflation stays meaningfully above that target for a period of time.
