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Powell will speak at 10:30 PM tonight, likely to be criticized again by Trump.
Golden Finance reports, March 30 - This week, the U.S. market will welcome some rather interesting schedules. As we transition from March to April, labor market data will return to the spotlight this week. But first, Federal Reserve Chairman Powell will also make an appearance later today (22:30). Besides closely monitoring U.S.-Iran headline risks, this will be the most notable item on the agenda. Powell is scheduled to participate in a moderated discussion for Harvard University’s Principles of Economics course.
This segment is typically part of the school’s introductory economics curriculum. While there is no specific topic, it is expected that Powell will cover a wide range of content from economics to inflation and monetary policy. Analysts expect him to avoid any issues related to the politicization of the Federal Reserve. Nonetheless, it is reasonable to anticipate that Trump will once again lash out at Powell after this event. Especially if we hear comments about the Fed wanting to pause interest rate adjustments and maintain flexibility amid the situation in the Middle East. Ironically, it is Trump’s own actions that led to this situation. However, you can be sure that he will still place the blame for not cutting rates on Powell. (Jin Shi)