Economy

Fed Chairman Powell will try to soothe markets, but that may not work

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Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020.

Susan Walsh | Reuters

Federal Reserve Chairman Jerome Powell will try to avoid sounding hawkish in any way when he talks Wednesday afternoon about the Fed’s commitment to its easing policies, particularly its bond-buying program.

The Fed is not expected to take any actions at its January meeting, and it will likely reaffirm its commitment to low interest rates and other easing policies when it issues its statement at 2 p.m. ET.

When Powell speaks at 2:30 p.m. ET, he is also expected to acknowledge that the…



Source cnbc.com

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