Fed Chair Powell's Upcoming Speech Highlights Economic Risks
A recent survey indicates that a "monetary policy mistake" by the Federal Reserve is seen as the greatest risk to the U.S. economy over the next year.
39% of economists cited a policy mistake as the top downside risk.
23% pointed to the Nov. 5 U.S. presidential election and escalating conflicts in Ukraine and the Middle East as significant concerns.
The Fed is trying to lower inflation to its 2% target while managing a modest rise in unemployment.
Scheduled for 22:55 Moscow time in Nashville, he will discuss the recent half-percentage point rate cut and future rate reductions.
Another rate cut (by 0.25% or 0.50%) is anticipated at the Nov. 6-7 policy meeting.
55% of surveyed economists believe the economy is more likely to underperform than exceed expectations, with Fed policy identified as a primary concern.
