Jerome Powell, president 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 Preview: Expectations from 10 Major Banks.
The world’s most powerful central bank is set to leave its policy unchanged following its heavy monetary stimulus at the beginning of the year and as we get closer to release time, here are economists and researchers from ten major banks about upcoming Forecasts expected by the FOMC meeting.
When and how can the Fed interest rate decisions affect the S&P 500?
The current economic situation warrants strong stimulus from the Fed. Market participants will likely also look into Powell’s words for clues about the statement and further stimulus, as they do not expect big announcements on Wednesday.
About Jerome Powell (via Federalreserve.gov)
Jerome H. Powell took over as chairman of the Federal Reserve System’s Board of Governors for a four-year term on February 5, 2018. Mr. Powell also serves as the chairman of the Federal Open Market Committee, the system’s major 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 fill an unexpected position. He was appointed to the board on June 16, 2014 and administered the oath, for a term ending on June 31, 2028.