Federal Reserve Chair Jerome Powell will speak at the Economic Club of Chicago at 1:30 p.m. on Wednesday. TRACKING WHAT DOGE IS DOING ACROSS THE FEDERAL GOVERNMENT The market is likely to monitor Powell's speech during a time of economic uncertainty amid President Donald Trump's worldwide tariffs.

The economy will likely stumble as it adjusts to new trade policies announced by the Trump administration, Federal Reserve Chair Jerome Powell said Wednesday. But it’s unknown whether any inflationary effects will be long term or a one-time hit for businesses and consumers.