URGENT UPDATE: Federal Reserve Chair Jerome Powell is set to speak at the George Shultz Memorial Event tonight at 01:00 GMT (20:00 ET), but attendees should not anticipate any comments on monetary policy.
During this highly anticipated event, Powell will deliver brief remarks and participate in a Q&A session. However, due to the ongoing Fed blackout period, he is restricted from discussing any monetary policy matters. The blackout period, which commenced on the second Saturday before the upcoming FOMC meeting, will continue until the Thursday following the meeting.
This limitation is part of the Federal Reserve’s policy, which restricts FOMC participants and staff from public comments or interviews during these critical times. As a result, Powell’s remarks will focus on the memorial aspect of the event rather than economic guidance.
Investors and market watchers are advised to remain attentive but temper expectations, as the blackout period means crucial insights into the Fed’s future policy directions will remain under wraps.
What happens next? Keep an eye on the upcoming FOMC meeting, as discussions and decisions made there will likely shape future economic landscapes. For now, interested parties can follow the event online or through various media outlets for live updates.
Prepare for a night of memorial reflection rather than market-moving announcements as Powell pays tribute to a notable figure in economics.
