Federal Reserve Chair Jerome Powell will speak at the Economic Club of Chicago at 1:30 p.m. on Wednesday.

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The market is likely to monitor Powell’s speech during a time of economic uncertainty amid President Donald Trump’s worldwide tariffs. It is his first public event since U.S. Treasury bonds took a hit following Trump’s tariff announcement.

Treasury Secretary Scott Bessent announced Monday that the White House will begin interviewing applicants later this year to replace Powell when his tenure ends in May 2026.