Powell to speak on economy next Wednesday

Federal Reserve Chairman Jerome Powell will talk about the economic outlook next week, the central bank announced Friday. Powell will talk to the Peterson Institute for International Economics via webcast on Wednesday at 9 a.m. Eastern. A recent poll by Gallup found that 58% of the public has a good deal of confidence in the Fed chairman. This week, a parade of Fed officials struck a cautious tone, offering an uncertain outlook for the economy in speeches. Some traders are betting the Fed will push interest rates below 0% next year. In contrast, the stock market continues to rebound from March lows.