US Federal Reserve Chair Jerome Powell attends a meeting of the IMFC (International Monetary and Financial Committee) at the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 17, 2026. (Photo by Kent Nishimura / AFP via Getty Images)

(L/R) Saudi Arabia's Finance Minister Mohammed Al-Jadaan speaks with US Federal Reserve Chair Jerome Powell during a meeting of the IMFC (International Monetary and Financial Committee) at the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 17, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell attends a meeting of the IMFC (International Monetary and Financial Committee) at the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 17, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

(L/R) Saudi Arabia's Finance Minister Mohammed Al-Jadaan shakes hands with US Federal Reserve Chair Jerome Powell during a meeting of the IMFC (International Monetary and Financial Committee) at the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 17, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell attends a meeting of the IMFC (International Monetary and Financial Committee) at the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 17, 2026. (Photo by Kent Nishimura / AFP via Getty Images)

(L/R) Saudi Arabia's Finance Minister Mohammed Al-Jadaan speaks with US Federal Reserve Chair Jerome Powell during a meeting of the IMFC (International Monetary and Financial Committee) at the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 17, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

WASHINGTON, DC - APRIL 17: Andrew Edgecliffe-Johnson (CEO Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 17, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 17: (L-R) David Ricks (Chair and CEO - Lilly) and Andrew Edgecliffe-Johnson (CEO Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 17, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)