Economy

Fed expected to cut rates, but Powell discussion could rattle markets

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Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, June 19, 2019.

Kevin Lamarque | Reuters

Federal Reserve Chairman Jerome Powell faces one of the more difficult communications challenges of his tenure Wednesday, and he risks spooking financial markets if he doesn’t get it just right.

The Federal Open Market Committee is expected to cut interest rates by a quarter point, its third cut since July. The Fed will also release a statement, which it may tweak to indicate the door remains open to further rate cuts but that it could also pause in the process.

The Fed chairman then speaks at 2:30 p.m. ET, a half hour…



Source cnbc.com

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