OctaFX | OctaFX Forex Broker
Open trading account
Back

Fed Press Conference: Chairman Jerome Powell speech live stream – March 3

Jerome Powell, Chairman of the Federal Reserve System, will be holding a news conference at 1600 GMT on Tuesday to discuss the FOMC's decision to lower the policy rate by 50 basis points to 1%-1.25% range in an emergency move. 

"The fundamentals of the US economy remain strong. However, the coronavirus poses evolving risks to economic activity," the Fed said in a statement earlier in the session. "In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate."

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.

GBP/USD jumps above 1.2800 after Fed's emergency rate cut

The GBP/USD pair shot higher in the last minutes and gained more than 50 pips after the US Federal Reserve announced a 50 basis points cut to its poli
Read more Previous

AUD/USD jumps above 0.6600 as Fed shock markets with a 50bps rate cut

The AUD/USD pair jumped from 0.6580 to 0.6636, reaching the highest level since February 21 after an emergency rate cut from the Federal Reserve. The
Read more Next
Start livechat