Jerome Powell, Chairman of the Federal Reserve System, will be delivering his remarks on the monetary policy outlook at a press conference following the meeting of the Board of Governors. Powell’s speech will start at 19:30 GMT.
Follow our live coverage of the Fed’s policy announcements and the market reaction.
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Federal Reserve Preview: Forecast from nine major banks.
The Federal Reserve (Fed) is expected to leave its policies unchanged in a decision due out at 19:00 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of nine major banks regarding the upcoming central bank’s decision. The Fed previously pledged to keep interest rates low at least through 2022.
Fed Preview: Powell’s cautious message to keep dollar stable.
The Federal Reserve (Fed) is unlikely to rock the boat in the post-election decision and opt for a cautiously optimistic tone that would keep markets and the dollar stable. If Powell expresses concerns, it could boost the dollar, sink stocks and lower expectations for the jobs report – yet the chances are slim
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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