European Central Bank (ECB) President Christine Lagarde and US Treasury Secretary Janet Yellen are both scheduled to speak on Thursday, January 25, 2024. Lagarde will be holding a press conference following the ECB decision at 1215 GMT / 0815 US Eastern time. The ECB is expected to cut interest rates by 25 basis points today and is projected to cut by a total of 200 basis points by July 2025 [2dfe5013].
Meanwhile, Yellen is set to give keynote remarks at the Financial Stability Oversight Council (FSOC) and Brookings Institution conference on 'Artificial Intelligence and Financial Stability' at 1755 GMT / 1355 US Eastern time. Although the subject matter is financial stability, Yellen may also make remarks on the economy and economic policy during any Q&A session [2dfe5013].
It is important to note that Lagarde's speech is unrelated to monetary policy or economic matters, and therefore it is unlikely to provide any guidance or signals to the markets. Similarly, Yellen's remarks at the conference may touch on the economy and economic policy, but it is unclear if she will provide any specific guidance or signals [0c257930] [2dfe5013].