Report: Fed's Powell to have a press conference after all meetings

Author: Greg Michalowski | Category: Central Banks

Implies all meetings would be live. The dollar gets a boost



There is a report (from the WSJ) being floating in the market, that Fed's Powell is looking to have a press conference after all Fed meetings. Currently, the press conference is after every other meeting and the pattern is that the Fed only acts only at those meetings.

The implication is that the market would need to consider all meetings to be "live" and that could lead to a faster pace of tightenings (or easings too).  

The dollar is moving higher.

The EURUSD is down testing the lower targets at the 1.1738-43. The low just reached 1.1735 and bounced. 
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