Watch Fed chief Jerome Powell speak at an ECB panel in Portugal

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Federal Reserve Chairman Jerome Powell is set to speak at a European Central Bank forum on Tuesday.

The panel, which is slated for 9:30 a.m. ET, focuses on the global economy amid policy shifts. It takes place in Sintra, Portugal.

Powell’s commentary comes after the U.S. Federal Reserve once again held interest rates steady at its policy gathering last month. Despite pressure from President Donald Trump to lower borrowing costs, Powell said recently that the central bank was “well positioned” to wait on a rate cut.

His remarks also come ahead of closely watched jobs data due later this week.

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