FED Chair Jerome Powell
FOMC Press Conference
FED to Shed Some More Light on the Future Monetary Policy
Starts Wednesday, September 25, 2019 at 15:45
Updated Monday, September 23, 2019
The Federal Reserve increased interest rates four times last year after doing exactly the same the year before and once in March this year. Although, the FED to turned the tail for the second time in last week's meeting and cut interest rates again to 2.00%. Although, now markets don't expect any more rate cuts, but the FED remains pretty dovish. So, there's uncertainty regarding the monetary policy. Powell's press conference should shed some light into that. Please follow us for live coverage of this event by experienced market analysts.
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About FOMC Press Conference
The FOMC Press Conference 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.Each FOMC Press Conference is delivered by the acting FED chair and presented to media outlets in a public forum. Statements issued by FED chair are written in advance, with printed transcripts available.Markets are highly sensitive to the FOMC 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.