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Questions for Powell
Market participants widely expect the Federal Reserve to raise interest rates at the conclusion today’s FOMC meeting. The only real debate surrounding this meeting regards the Fed’s messaging. Central bankers pivoted to a more hawkish stance in recent weeks, and this shift will be reflected in the statement and accompanying Summary of Economic Projections. But will it be modestly or very hawkish, or somewhere in-between? Federal Reserve Chairman Jerome Powell’s debut post-FOMC press conference should provide guidance on this issue.With that in mind, these are the questions I am hoping he will answer the ... (full story)