Federal Reserve Chair Powell to Speak After Interest Rate Decision

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Wednesday, August 24, 2023

Federal Reserve Chair Jerome Powell will hold a press conference at 2:30 p.m. ET on Wednesday, August 24, 2023, following the Federal Open Market Committee's (FOMC) two-day meeting. During the press conference, Powell is expected to announce the FOMC's decision on interest rates and provide an update on the economic outlook.

The FOMC is the Fed's main policymaking body. It meets eight times a year to set interest rates and conduct monetary policy. The FOMC's decisions have a significant impact on the economy, as they can affect everything from consumer spending to business investment.

Powell's press conference will be closely watched by investors, economists, and policymakers. His remarks will provide important insights into the Fed's thinking on the economy and its plans for the future. You can watch live coverage of Powell's press conference here.

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Conclusion: Powell's press conference will be a key event for the financial markets and the economy. His remarks will provide important insights into the Fed's thinking on the economy and its plans for the future. Investors, economists, and policymakers will be closely watching Powell's press conference for clues about the Fed's next move.