Federal Reserve Chair Jerome Powell is set to deliver what could be a key policy address Thursday.
Federal Reserve Chair Jerome Powell is set to deliver what could be a key policy address Thursday afternoon in New York.
The top monetary policymaker will speak at noon ET to the Economic Club of New York at a critical time for the U.S. economy.lately, but Treasury yields have been surging, sending conflicting messages about where monetary policy might be headed. Markets largely expect the Fed to stay on hold with rates, but they will be looking to Powell for confirmation and clarification on how officials view both current conditions and longer-term trends.
"Really, their ultimate goal is to keep financial conditions tight so inflation comes down," he said."He's going to use that framework, even if he's dovish about Nov. 1 or December to shift the hawkishness to that third question of how long to keep them this high."who spoke Wednesday "Powell has to present himself to investors as the dispassionate neutral leader and allow to be more aggressive," said Jeffrey Roach, chief economist for LPL Financial."They're not going to declare victory, and that is one reason why Powell is going to continue to talk somewhat hawkish."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold consolidates ahead of Biden Israel visit and Fed Powell speechGold price (XAU/USD) trades directionless ahead of US President Joe Biden’s visit to Israel amid deepening Middle-East tensions and the speech from Fe
Read more »
USD/CHF finds bids below 0.9000 ahead of Fed Powell’s speechThe USD/CHF pair attempted recovery below the psychological level of 0.9000 in the European session. The broader outlook of the Swiss Franc asset is s
Read more »
Fed's Harker says Fed should not be considering more rate increasesFed's Harker says Fed should not be considering more rate increases
Read more »
Fed's Harker: Fed should not be considering more rate hikesFederal Reserve Bank of Philadelphia President Patrick Harker stated on Monday that Fed hould not add more pressure to the economy by raising the borr
Read more »
Rutgers’ Tyreem Powell reacts to targeting call, ejection he faced vs. Michigan StateRutgers linebacker Tyreem Powell was ejected from his team's win over Michigan State in the first half after being called for targeting.
Read more »
Bindi Irwin Recalls Falling in Love With Husband Chandler Powell Nearly 10 Years AgoBindi Irwin is celebrating nearly a decade of knowing her husband, Chandler Powell.
Read more »