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Fed press conference: Jerome Powell speech - Live Stream - Dec. 19

Jerome Powell, Chairman of the Federal Reserve System, will be delivering his remarks on the monetary policy outlook at a press conference following the 2-day meeting of the Board of Governors. Powell's speech today (December 19, 2018) will start at 19:30 GMT.

Most experts expect the Fed to announce a 25 bps rate hike today. However, the focus will be on the updated economic projections and the dot diagram, which will reveal how many rate hikes FOMC members expect in 2019.

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FOMC Preview: What 9 major banks are expecting from December meeting?

Today, we have an outcome of the all-important FOMC’s December meeting, which is keenly awaited by the markets. As we head towards the decision timings, here are the expectations as forecasted by the economists and researchers of 9 major banks, along with some thoughts on the future course of Fed’s action.

When is the Fed interest rate decision and how could it affect DXY?

A 25bp rate hike to 2.25-2.50% is widely expected today; it would be the fourth rate hike of the year. Markets have already discounted a hike. Market participants will likely look for signals about the future path of monetary policy in the statement, the projections and Powell’s press conference. 

About Jerome Powell (via Federalreserve.gov)

Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.

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