Powell and Bernanke discuss Fed policy in live event.

Federal Reserve Chairman Jerome Powell is set to speak at a conference in Washington, D.C. on Friday about monetary policy, as markets remain divided on whether the Fed will approve another interest rate hike in June. Recent data has shown a resilient economy and labor market, but inflation remains above the Fed's 2% target. Regional presidents have expressed differing opinions on whether to raise rates, with some backing a more cautious approach. The Fed will release minutes from its May meeting next week.