US Federal Reserve Chair Jerome Powell on Monday avoided making comments on the current economic conditions of the United States or the Fed's monetary policy. Powell was addressing an event at the Hoover Institution at the Stanford University. “Just to be clear, I will not address current economic conditions or monetary policy,” he said.

Powell said he would not discuss current economic conditions or monetary policy, choosing instead to honour former US Secretary of State George Shultz.

Trump has said he has chosen his nominee for the next Federal Reserve chair, signalling once again that he expects the incoming leader to pursue interest-rate cuts.

The Trump administration canceled interviews scheduled to begin this week with a group of finalists for the next chair of the Federal Reserve, with President Donald Trump saying his team has narrowed the search and they now "have it down to one" candidate.

The S&P 500 Index ($SPX) (SPY) today is down -0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.24% ...

[The stream is slated to start at 11:25 p.m. ET. Please refresh the page if you do not see a player above at that time.] Stream Connecticut News for free, 24/7, wherever you are. WATCH HERE Federal Reserve Chair Jerome Powell speaks Friday to the Society ...