Federal Reserve Chair Jerome Powell speaks at the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon, following the first rate cut of the year. Powell calls the reduction “risk management” due to labor market weakness. Officials predict two more cuts this year and additional reductions in the next two years.

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– Chicago Fed President Goolsbee warns against aggressive rate cuts
– St. Louis Fed President Musalem sees limited room for more cuts
– Fed Governor Stephen Miran advocates for slashing key interest rate
– Internal differences within the Fed about future policy direction are highlighted.

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