Economists Warn of Monetary Missteps as Fed Chair Prepares to Speak

Federal Reserve Chair Jerome Powell is set to speak at a National Association for Business Economics meeting, with economists expressing concern about potential policy mistakes as the Fed navigates the final stages of its inflation battle. A survey of professional forecasters identified monetary policy errors as the greatest downside risk to the U.S. economy in the next 12 months, followed by the upcoming presidential election and geopolitical conflicts. Powell’s speech is expected to provide insights into the Fed’s recent rate cut decision and future policy considerations.