Federal Reserve FOMC Policy Meeting June 12-13, Interest Rate Hike

FOMC Press Conference

LIVE June 13, 2018, at 2:30pm EDT.

The Federal Reserve (federalreserve.gov) FOMC started its two-day policy meeting on Tuesday, and as expected announced another increase in near-term interest rates of 25 basis points [0.25%] on Wednesday, as well as release a Summary of Economic Projections. A press conference by the Federal Reserve Chairman Jerome H. Powell scheduled for Wednesday afternoon at approximately 2:30 pm EDT, LIVE here embed above.

FOMC's target federal funds rate or range, change (basis points) and level

The Fed - Federal Open Market Committee (FOMC) | federalreserve.gov: 2018 Committee Members Jerome H. Powell, Board of Governors, Chairman; William C. Dudley, New York, Vice Chairman; Thomas I. Barkin, Richmond; Raphael W. Bostic, Atlanta; Lael Brainard, Board of Governors; Loretta J. Mester, Cleveland; Randal K. Quarles, Board of Governors; John C. Williams, San Francisco.

Compare the above rates with the European Central Bank(ECB) rates:

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Federal Reserve Chair Jerome Powell Testifies Before Congress Tuesday

Federal Reserve Chairman Jerome Powell will testify before the House Financial Services Committee on Tuesday, February 27 at 10:00 a.m. ET to deliver the Federal Reserve’s semi-annual Monetary Policy Report to Congress and to discuss the state of the economy.

"Monetary Policy and the State of the Economy"

Hearing entitled “Monetary Policy and the State of the Economy” | House Committee on Financial Services: Tuesday, February 27, 2018 10:00 am ET in 2128 Rayburn HOB (Full Committee)--Witness List: The Honorable Jerome H. Powell, Chairman, Board of Governors of the Federal Reserve System.

Committee Memorandum (pdf) embed below:

Next week, Chairman Powell presents the Monetary Policy Report to Congress, read the report in advance: https://t.co/bYN2p3JtNZ

— Federal Reserve (@federalreserve) February 23, 2018

Report embed below:

On Thursday March 1, 2018, 10:00 a.m. ET Fed Chair Powell testifies before Senate Banking Committee--The Semiannual Monetary Policy Report to the Congress - Hearings - U.S. Senate Committee on Banking, Housing, and Urban Affairs: "March 1, 2018 10:00 AM 538 Dirksen Senate Office Building,  hearing on “The Semiannual Monetary Policy Report to the Congress.” The witness will be: The Honorable Jerome H. Powell, Chairman, Board of Governors of the Federal Reserve System."

.@FederalReserve Chairman Powell testifies before our committee tomorrow for the first time. He’ll update us on monetary policy and the state of the #economy. Tune in: https://t.co/HAoSusodnH @ 10am ET. pic.twitter.com/QUcqplMX23

— Financial Services (@FinancialCmte) February 26, 2018

“This man will be a steady hand." https://t.co/Lc19jodHr0

— TheStreet (@TheStreet) February 26, 2018

How will the Fed’s Jerome Powell characterizes the implications of current market conditionss for Fed policy, and more to watch when the new chairman faces lawmakers this week https://t.co/FR65dcwRkP

— The Wall Street Journal (@WSJ) February 26, 2018

Jerome Powell may be willing to accept inflation rising as high as 2.5% as they seek to extend the almost 9-year economic expansion https://t.co/mILxQ4zF8I pic.twitter.com/HINXKmtU2r

— Bloomberg (@business) February 26, 2018

See also:

• Fed chair Jerome Powell | Google.com

• Markets watching Fed chair Powell as he testifies in Congress | cnbc.com: "Fed chair Jerome Powell makes his first major appearance Tuesday and Thursday, when he testifies on the economy before congressional committees."

feedback & comments via twitter @DomainMondo
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