Janet Yellen, Chair of the Federal Reserve, is expected to give a press conference following the meeting of the Board of Governors of the Federal Reserve to announce their latest decisions. Her speech today (14th June 2017) will be at 18:30 GMT.
At the end of its two-day meeting, which started on Tuesday, the Fed is expected to raise interest rates by 25 basis points for the second time this year as part of its effort to end nearly a decade of extraordinarily loose monetary policy. It will be critical for the investors to see how Yellen justifies today's decision as the economic data since the last meeting has been noticeably weak, including today's CPI report and retail sales. Additionally, participants will look for any details of the plan to shrink the balance sheet later this year.
Key Notes
FOMC Preview: 13 major banks expectation from June meeting
We are closing into the FOMC’s June policy meeting decision and as the clocks tick closer to the decision timing, following are the expectations as forecasted by the economists and researchers of 13 major banks along with some thoughts on the future course of Fed’s action.
About Janet Yellen
Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018. Dr. Yellen also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body.
About the Federal Reserve System
The Federal Reserve System is the central banking system of the United States and it has two main targets or reasons to be: one is to keep unemployment rate to their lowest possible levels and the other one, to keep inflation around 2%.
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