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Fed Chairman Powell on the Spot

After monetary policy messages whipsawed global financial markets over the past month, effective communication will be key in Powell’s remarks this week.

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Federal Reserve Chairman Jerome Powell has some further explaining to do after the central bank’s monetary messages whipsawed financial markets over the last month.

Powell holds a press conference at 2:30 p.m. on Wednesday in Washington following a two-day meeting of the Federal Open Market Committee (FOMC). Investors expect the FOMC to keep interest rates on hold. Its policy statement will be scrutinized for hints that officials still expect to raise rates twice this year, as they forecast in December.

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