Powell's Speech Amid Market Turmoil and Political Tensions
TL;DR Summary
Amid political tensions and Trump’s pressure on Fed Chair Powell, the upcoming Fed meeting is seen as pivotal, though no rate change is expected. The meeting occurs against a backdrop of Trump’s attempts to influence Fed independence, with market reactions hinging on Powell’s signals about future rate cuts, especially with upcoming economic data and Powell’s potential future at the Fed.
Topics:business#economy-and-politics#federal-reserve#interest-rates#jerome-powell#market-expectations#trump-pressure
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- Fed Chair Powell Opens Conference Without a Word on Monetary Policy The Wall Street Journal
- Opening remarks by Chair Powell at the Integrated Review of the Capital Framework for Large Banks Conference Federal Reserve Board (.gov)
- Federal Reserve Chair Holds News Conference C-SPAN
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