FED Chairman Jerome Powell Speaks
Event Date: Monday, March 22, 2021
Event Time: 13:00 CET
Updated Friday, March 19, 2021
The USD dollar turned bearish after the last FOMC meeting on Wednesday last week, as the FED pledged to continue with the lose monetary policy for as long as it takes. The US economy has improved considerably in recent months, but there is still a lot of slack, particularly in employment. So, there's a chance that Jerome Powell's speech might send the USD down again today. Please follow us for live coverage of this event by experienced market analysts.
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About FED Chairman Jerome Powell Speaks
The Speech or the Press Conference from the FED Chairman Powell is a crucial event on the economic calendar. It is the public release of decisions made by the policymaking portion of the U.S. Federal Reserve (FED), the Federal Open Market Committee (FOMC). Upon the conclusion of an official FOMC meeting, the monetary policy decisions facing the USD are made public via press conference. Markets are highly sensitive to the FED Chairman Jerome Powell press conference. Policy matters, economic forecasts, as well as the actual verbiage used are interpreted by traders and investors in a myriad of ways. Tone, content, and the type of language used by the FED chair is capable of sending USD valuations in any direction.