- The potential for a press conference after every Fed meeting will make every meeting a "live" one, where interest rates may be changed. Currently the Fed chair has a Q&A session with reporters after four of the eight annual meetings.
- This is a drastic shift, given Fed Chair Jay Powell's predecessors were a lot more conservative with their comments to the press. "Chair Powell has already shown in testimony he may be more willing to speak off the cuff, taking a more casual approach," said Ellen Zentner, chief economist at Morgan Stanley (NYSE:MS).
- Fed watchers think this move to a regular press conference is one of many hawkish changes coming to the Powell Fed, and may mean a lot more volatility across all asset classes.
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- Now read: BMO thinks Treasury yields have peaked for 2018
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