Federal Reserve Chair Jerome Powell listens to a question during a Dallas Regional Chamber event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)

Federal Reserve Chair Jerome Powell speaks to the Dallas Regional Chamber during an event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)

Federal Reserve Chair Jerome Powell, left, speaks to the Dallas Regional Chamber as moderator Catherine Rampell looks during an event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)

Federal Reserve Chair Jerome Powell, left, speaks to the Dallas Regional Chamber as moderator Catherine Rampell looks during an event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)

Federal Reserve Chair Jerome Powell, left, speaks to the Dallas Regional Chamber as moderator Catherine Rampell looks during an event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)

Federal Reserve Chair Jerome Powell listens to a question from the moderator on the stage during a Dallas Regional Chamber event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)

Federal Reserve Chair Jerome Powell speaks to the Dallas Regional Chamber during an event in Music Hall at Fair Park Thursday, Nov. 14, 2024, in Dallas. (AP Photo/LM Otero)