Powell will speak for the first time after the Fed's interest rate cut.

The President of the Central Bank of the United States, Jerome Powell, will speak at a conference organized by the Chamber of Commerce in Greater Providence, the capital of Rhode Island. This speech will also be Powell's first address following last week's interest rate rebate.

Inflation or the job market?

Powell's remarks on whether the Fed's 2% inflation target has changed and what he will say regarding the rise in inflation will be very important. His words here will also contain clues for the meeting on October 29.

As is known, the Fed has two important and official duties: to keep inflation under control and to reduce unemployment. Therefore, Powell's words will be significant regarding what the projection will be for inflation not to rise while the Fed lowers interest rates.

Fed members have different opinions

Many Fed members also made statements yesterday and today regarding the subject. Chicago Fed member Goolsbee, who spoke today, said, “Our inflation target will remain at 2%. We are not considering raising it.”

Stephen Miran, who spoke yesterday and recently joined the Fed Board, argued that there should be consecutive reductions of 50 basis points. It is known that Miran is pro-Trump.

The president of the St. Louis Fed, Alberto Musalem, stated that he also voted in favor of the interest rate rebate but emphasized that they need to be very cautious about further rebates and that there is currently no need for monetary expansion.

Beth Hammack, the President of the Cleveland Fed, made similar statements and expressed that inflation must be kept under control.

Published: September 23, 2025 17:59Last Update: September 23, 2025 18:05