Federal Reserve Chairman Jerome Powell will deliver his highly anticipated “Economic Outlook and Monetary Policy” speech at the annual meeting of the National Association for Business Economics (NABE) in Philadelphia. This is Powell's first major action since the Fed's September policy meeting, where rates were cut by 25 basis points.
Investors will be paying close attention to signals about possible rate cuts in October, Powell's outlook on inflation and employment, and guidance for the Fed Reserve's upcoming Oct. 28-29 policy meeting.
Time and livestream:
Date: Tuesday (October 14, 2025)
Location: NABE Annual Meeting, Philadelphia
How to watch: Powell's remarks will be streamed live on the National Association for Business Economics' YouTube channel.
What investors are looking at:
Rate signals: Markets are closely watching for indications of a rate cut in October. Following the 25 basis point cut in September, investors are watching to see whether the Fed will signal further easing or maintain a cautious approach amid lingering economic uncertainties.
Inflation vs. employment: Powell is expected to address inflation risks and labor market weaknesses, which remain a concern amid delayed official data due to the U.S. government shutdown.
Economic Outlook: Analysts will look for insights on how tariffs, immigration policies and tax changes could affect inflation, employment and overall economic growth. Recent private sector data shows mixed signals, with strong productivity gains but potential price pressures.
Departments of the Federal Reserve: Some Fed officials worry about inflationary pressures from rates, while others support additional rate cuts to protect jobs. Powell can address this internal balance.
Forward-looking guidance: Investors hope Powell will provide guidance on the Fed's plans for the Oct. 28-29 policy meeting and possible additional rate cuts before the end of 2025.
Market impact:
Powell's speech could impact stock, bond and currency markets as traders adjust expectations about the Fed's monetary policy path. Analysts emphasize that any strong signal toward rate cuts could boost stocks, while a more cautious tone could tighten financial conditions.
