Fed’s Bowman and Powell will both speak on Monday. Let the 25 vs. 50 battle (re) commence!

1250 GMT / 0850 US Eastern time:

• Federal Reserve Board Governor Michelle Bowman discusses the economic outlook and monetary policy before the Georgia Bankers Association President/CEO Conference

Bowman dissented at the most recent Federal Open Market Committee (FOMC) meeting. In favour of a 25bp rate cut vs. the 50bp that was passed. Bowman spoke last week:

• Fed’s Bowman: Data points continue to show economic strength

I posted on the super US economy earlier, wondering aloud about the wisdom of slashing rates right now:

• US economy – “There is no denying it: among the best performing economies in 35+ years”

Anyway, coming up at 1755 GMT / 1355 US Eastern time we get the hear from the big guy himself, Federal Reserve Chair Jerome Powell

• speaks on the economic outlook before the National Association for Business Economics 66th Annual Meeting, “Finding Harmony in the Noise: Transitioning to a New Normal”

This article was written by Eamonn Sheridan at www.forexlive.com. Source