Wednesday afternoon's press conference following the conclusion of the FOMC meeting is expected to be Jerome Powell's last as Fed Chairman.
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The expectation is for Mr. Powell to continue to talk about how the Fed is focused on US employment and inflation.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily. The Fed fund futures forward curve is showing us no rate change should be expected for the next year and a half, though the reality is the new Fed Chair will likely be forced to make a move, or be immediately replaced.
Later today, Wednesday, April 29, US Fed Chairman Powell will step to the microphone and announce no change to the Fed fund rate, leaving it between 3.5% and 3.75%. The subsequent press conference will see Mr. Powell again focus on US employment and inflation, while questions pour in about his relationship with the US president and his replacement that will likely have taken the reins by the time the next FOMC meeting rolls around on June 16.
