US: Federal Reserve Chair Jerome Powell Speech


Tue May 08 02:15:00 CDT 2018

Highlights
Federal Reserve Chair Jerome Powell will discuss "Monetary Policy Influences on Global Financial Conditions and International Capital Flows" at the Swiss National Bank and International Monetary Fund High Level Conference on the International Monetary System, in Zurich, with moderator Q&A.

Jerome Powell said the importance of Fed policy is "often overstated" and that economic growth and changes in commodity prices are also key to global financial conditions. The chair said current Fed policy, that is gradual rate hikes and the unwinding of its balance sheet, are proceeding "without disruption" to the financial markets and that market expectations and those of the Fed's "seem reasonably well aligned."

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