Fed Chair Powell plans to hold pressers after all eight FOMC meetings in 2019 – Bloomberg
Bloomberg reports an articles on Friday, citing that Federal Reserve (Fed) Chairman Jerome Powell plans to start holding press conferences after all eight of the central bank’s meetings, .setting up a new framework in 2019.
Responding to this, Priya Misra at TD Securities (TDS) noted:
Expect “more volatility in general, but also more market volatility around non-SEP Fed meetings,” because investors will no longer have to wait three weeks for the minutes to learn more about what was discussed.
This “will show up in higher implied vol embedded in swaption pricing”.