Only two things will really matter when Federal Reserve Chairman Jerome Powell s...
NEW YORK/SAN FRANCISCO - Only two things will really matter when Federal Reserve Chairman Jerome Powell strides to the podium for his press conference on Wednesday after the end of the U.S. central bank’s latest two-day policy meeting: Dots and bonds.
And, just as importantly, what new details will they share on a plan to stop culling the Fed’s holdings of nearly $3.8 trillion in bonds? Wrong or confusing signals on either the rate forecasts or the Fed’s bond portfolio could upend the market calm the central bank in large part has engineered despite nosediving economic forecasts.
Asked if they would support rate hikes this year, Fed policymakers have been offering less information.
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