URGENT UPDATE: Federal Reserve Chair Jerome Powell is set to address the public tonight, but don’t expect any insights on monetary policy. His remarks will take place at the George Shultz Memorial Event at 01:00 GMT (20:00 ET), according to official announcements.
As the Fed enters its blackout period, Powell will deliver brief comments and participate in a Q&A session without discussing any policy changes. The blackout period, which started on October 14, restricts Federal Reserve officials from making public statements or conducting interviews leading up to the next FOMC meeting.
This event is crucial for market watchers and investors eager for any signal from the Fed. However, Powell’s avoidance of monetary policy discussions means that any immediate market reaction may be muted. The blackout period is designed to prevent any potential influence on market expectations ahead of policy decisions.
As the clock ticks toward Powell’s speech, attention remains focused on how the Fed navigates current economic challenges without further public insight. Expect to see reactions across financial markets as investors digest the implications of Powell’s statements, however brief they may be.
Stay tuned for live updates and analysis following Powell’s address. The impact of his remarks, even if limited to non-policy topics, could resonate throughout the financial community.
