Fed press conference: Jerome Powell speech - Live Stream - Jan. 30

Eren Sengezer FXStreet

Jerome Powell, Chairman of the Federal Reserve System, will be delivering his remarks on the monetary policy outlook at a press conference following the 2-day meeting of the Board of Governors. Powell's speech today (January 30, 2019) will start at 19:30 GMT.

Most experts expect the Fed to keep its benchmark interest rate unchanged at the target range of 2.25% - 2.5%. Today's statement won't include updated economic projections and the dot diagram. However, markets will be looking for fresh clues regarding a possible early termination of the balance sheet reduction scheme.

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FOMC Preview: What 8 major banks are expecting from January meeting?

Global markets are keenly awaiting the outcome of an all-important FOMC’s January meeting, and as we head towards the decision timings, here are the expectations as forecasted by the economists and researchers of 8 major banks.

When is the Fed interest rate decision and how could it affect DXY?

The Federal Reserve will announce its decision at 19:00 GMT. Jerome Powell will hold a press conference at 19:30 GMT. Starting today, every FOMC meeting will be followed by a press conference and only those meetings associated with the release of the Summary of Economic Projections.

About Jerome Powell (via Federalreserve.gov)

Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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