Federal Reserve, Powell
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Instead of interest rates, Powell may talk about the Fed’s review of its monetary policy framework—how it balances employment and price stability.
Former Fed president Bill Dudley warned that the central bank risks mistiming interest rate cuts if the economy stumbles into a recession.
Fed Chair Jerome Powell kicked off his post-meeting press conference by saying the central bank remains “squarely focused” on its dual mandate, and the Fed held rates steady because “the risks of higher unemployment and higher inflation have risen.
Federal Reserve Chair Jerome Powell reiterated the need for a wait-and-see approach during a press conference following the committee's policy announcement.
A prominent House Republican who is in charge of a monetary policy task force told Yahoo Finance he still supports Jerome Powell as Federal Reserve chair on a day when President Trump once again criticized the central bank boss for not lowering interest rates.
Earnings: Cisco Systems reports earnings after the bell. Fed Speakers: Governor Christopher Waller and Vice Chair Philip Jefferson are due to speak. Thursday, May 15 Fed Speaker: Chair Jerome Powell is expected to give remarks around 8:40 a.
President Trump repeated his call for the Federal Reserve to cut interest rates after April's inflation report was cooler than expected.