(NewsNation) — U.S. Federal Reserve Chair Jerome Powell will give a speech on Friday morning as the nation’s markets reel from President Donald Trump‘s latest tariffs.

Powell is scheduled to address the Society for Advancing Business Editing and Writing’s annual conference in Arlington, Va., at 11:25 a.m. ET.

He is expected to talk about his outlook on the economy prior to a moderated discussion at the conference, according to C-Span.

Ahead of the event, Trump on Truth Social directed Powell to cut interest rates.

“He is always ‘late,’ but he could now change his image, and quickly … CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!” Trump’s post reads in part.

Powell, who has led the Fed since 2018, was nominated by Trump during his first term.

Powell’s public appearance comes as Trump’s “Liberation Day” tariffs continue to rock economic markets worldwide.

On Thursday, the U.S. saw the DOW, NASDAQ and S&P 500 dip to numbers last seen during the onset of the COVID-19 pandemic in 2020. Numbers have continued to drop on Friday.

As top economists and analysts warn of a looming recession, Trump has remained rosy on his levies.

He told a reporter on Thursday, “I think it’s going very well.”

Trump has repeatedly compared the tariffs’ effect on the U.S. to a patient who has undergone an operation, essentially saying the country will recover eventually.

“It’s what is expected. The patient was very sick. The economy had a lot of problems,” Trump said. “It was a sick patient. It went through an operation.”

NewsNation’s Kellie Meyer contributed to this report.