Last week it was the Federal Reserve’s Open Market Committee shaping monetary policy and investor expectations. In the week ahead, it will be the Fed’s open mouth practices at work.
Federal Reserve Chairman Jerome Powell begins his common practice of making controlled public appearances after an interest rate decision by the central bank. He is due to appear Tuesday at the Economic Club of Washington, D.C. It will likely be his first public comments since Wednesday’s press conference following the Fed’s smallest rate hike in almost a year.
“The disinflationary process has started,” Powell stated then, using Fed-speak to describe inflation cooling somewhat from its 40-year high. Yet the statement is far from a declaration of victory in its year-long inflation fight. “We have more work to do,” he said during his opening statement to reporters after the rate hike decision.
