Jerome Powell, chairman of the Federal Reserve System, will deliver his remarks on the monetary policy outlook at a press conference after the Board of Governors meeting. Powell’s speech will begin at 18:30 GMT.
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Fed advance: 10 expectations of major banks.
The world’s most powerful central bank will leave its policy unchanged after its massive monetary stimulus earlier in the year and as we get closer to the launch date, here are the expectations predicted by economists and researchers from ten major banks, regarding to the next FOMC Meeting.
When is the Fed interest rate decision and how might it affect the S&P 500?
The current economic situation guarantees a strong stimulus from the Federal Reserve. Market participants will likely scan the statement and also Powell’s words for clues to new stimuli, as they don’t expect big announcements on Wednesday.
About Jerome Powell (via Federalreserve.gov)
Jerome H. Powell assumed the position of Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a period of four years. Powell also serves as Chairman of the Federal Open Market Committee, the System’s main monetary policy-making body. Mr. Powell has served as a member of the Board of Governors since he took office on May 25, 2012, to complete an unexpired term. He was re-elected to the Board and was sworn in on June 16, 2014, for a period ending on January 31, 2028.
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