FED Chair Jerome Powell
FOMC Press Conference
Will the FED Loosen the Purse Again for the Looting?
Starts Wednesday, June 10, 2020 at 18:30
Updated Thursday, June 4, 2020
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 turned the tail for the second time in last month's meeting and cut interest rates again to 2.00%. They delivered another cut in October, but let us know that they they are done with rate cuts for the time being. But coronavirus has turned the table upside-down and now there's uncertainty whether the next move will be another cut after the FED cut rates twice by 50 bps last month. We don't know if the FED will move rates again this time, since the US will start reopening in May, but we will see if the FED will take further monetary policy actions after all the protests and the destruction we have seen in the US in the last weeks. 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.