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Did you see that Jerome Powell is going to give a conference tomorrow after the FOMC meeting? It’s at 14h30, Eastern Time. Honestly, I still wait for Powell’s interventions with a bit of stress—no one ever knows what he’s going to say about monetary policy and how that will move the markets.
The interesting thing is that Powell will provide clues about the direction of the Fed. His comments influence quite a lot, so quite a few people will be paying attention tomorrow. I’m wondering what Jerome Powell will reveal about the economic outlook. That should be instructive for understanding where the Fed wants to go with its decisions.