Jerome Powell Threatens to Trigger a Stock Market Crash on April 3 | Markets

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Source: Domenico Fornas /

Federal Reserve Chair Jerome Powell has yet another upcoming speech coming this Wednesday, April 3. Just days after suggesting rate cuts may not come until later in the year, Powell is taking the podium once again ahead of the crucial March jobs data due this Friday.

What should you expect this time around?

Well, if history is any indicator, likely more of the same. Indeed, Powell has generally worn a fairly neutral demeanor this year, maintaining expectations for rate cuts to come while conceding that the state of the economy warrants rates to stay higher for longer.

Last week, Powell affirmed expectations that the central bank will cut rates but pushed back on notions that the Fed is comfortable with inflation where it is.

“No, it doesn’t mean that,” said Powell. “We did mark up our growth forecast, and so have many other forecasters, so the economy is performing well, and the inflation data came in a little bit higher as a separate matter and I think that caused people to write up their inflation [projections].”

Consumer prices climbed 2.5% in February, per the Fed-preferred Personal Consumption Expenditures (PCE) report released last week. This was slightly higher than January’s 2.4% inflation reading, hinting that the final leg in the war on inflation may be more difficult than investors hoped.

Jerome Powell May Weigh on Stocks as Equities Slide

So far, equity markets have responded poorly to Powell’s statements last week. Indeed, most major indices have fallen on the first…

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