Watch Fed Chair Powell speak live to business leaders in the Dallas area
[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.]
Federal Reserve Chair Jerome Powell speaks Thursday to business leaders in the Dallas-Forth Worth area on monetary policy. Powell is delivering a speech followed by a question and answer session.
The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point, or 25 basis points. That followed a half-point cut in September and left the federal funds rate in a range between 4.5%-4.75%.
Economic readings this week, though, showed that inflation has proven sticky, with consumer price inflation at 2.6% and prices at the wholesale level at 2.4%. The measures are considerably higher for core inflation, which excludes food and energy costs.
Markets expect the Fed to cut again in December then likely skip the January meeting as officials assess the impact of the policy easing moves so far.
Read more:
Annual inflation rate hit 2.6% in October, meeting expectations
Powell and the Fed won't be able to avoid talking about Trump forever
Here's why inflation may look like it's easing but is still a huge problem
Subscribe to CNBC on YouTube.
Read more on cnbc.com
