Jerome Powell, Chairman of the Federal Reserve System, will be delivering his remarks on the monetary policy outlook at a press conference following the 2-day meeting of the Board of Governors. Powell’s speech today (June 19, 2019) will start at 18:30 GMT.
About Jerome Powell (via Federalreserve.gov)
Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.
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When is the Fed interest rate decision and how could it affect EUR/USD?
Markets reaction to the statement, projections and Powell’s press conference is not likely to be muted or small, like other recent meetings. The outlook and market expectations changed over the last weeks and look more sensitive. A rate cut, not today but soon, is now seen in prices.
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