It occurs to me that I need a better collective noun than ‘barrage’ for a group of Federal Reserve talking heads.
And, who better to ask than the good folks of ForexLive? In the comments please!
A hike of Fed officials? A chatter? Help me out here …
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Coming up, the times listed are in GMT/US Eastern time format:
0800/0400 Federal Reserve Board Governor Christopher Waller gives opening remarks before the Central Bank of Ireland and International Journal of Central Banking Research Conference
1355/0955 Federal Reserve Board Governor Michelle Bowman gives opening remarks before the Policy Summit 2023: Communities Thriving in a Changing Economy” conference hosted by the Federal Reserve Bank of Cleveland
1400/1000 Federal Reserve Chair Jerome Powell delivers semiannual monetary policy testimony before the U.S. Senate Banking Committee. Note that his prepared remarks will be the same as Wednesday but the Q&A may vary.
Headlines from the Fed chair:
- Powell: Process of getting inflation back to 2% “has a long way to go”
- There is a gradual cooling in the labor market but we’re not there yet
- It may make sense to move rates higher at more moderate pace
- Factors contributing to inflation decline are happening but later than expected
- US dollar is still the dominant reserve currency
1400/1000 Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economic and policy outlook before the Policy Summit 2023: Communities Thriving in a Changing Economy” conference hosted by the Federal Reserve Bank of Cleveland
2030/1630 Federal Reserve Bank of Richmond President Thomas Barkin speaks on economy before the Risk Management Association RVA Chapter
This article was written by Eamonn Sheridan at www.forexlive.com. Source