Fed Chairman Jerome Powell Speaks At Harvard

Federal Reserve Chairman Jerome Powell is signaling a wait-and-see approach on interest rates.

Delivering remarks at Harvard on Monday, Powell said the central bank continues to monitor inflation expectations, especially given the situation in the Middle East, but said "We feel like our policy is in a good place for us to wait and see how that turns out."

The FOMC's next interest rate decision is due at the end of April.

Interest rates weren't the only subject the chairman addressed yesterday.

Asked what advice he would give to undergraduates in the crowd, Powell acknowledged that this is a "challenging time to enter the labor market" and encouraged them to embrace AI.

The appearance last night was one of the last he will make as the Fed Chairman.

(Photo by Sophie Park/Getty Images)