The central bank will release a new statement at 2 pm ET, and officials aren’t releasing new economic projections. The press conference begins at 2:30 pm.
The Federal Reserve is set to hold interest rates steady today and reaffirm it is likely to leave them unchanged for a while.
Investors will watch closely how Fed Chairman Jerome Powell characterizes the outlook for BOTH interest rates and the central bank’s shrinking asset portfolio in his post-meeting news conference.
The Fed hiked borrowing costs four times in 2018.
Powell has been meeting with lawmakers at a faster clip than his two predecessors, a push that appears to be earning him allies as he navigates tricky monetary policy waters and vocal White House criticism, from the bankruptcy expert now living at 1600 Pennsylvania Avenue.
The Trump administration’s rosy view of the economy is increasingly diverging ! from a more cautious outlook from other prognosticators, including economists at the Federal Reserve, and elsewhere, who are warning that growth is slowing, in part because of the president’s own policies.
Economists outside the administration are projecting that growth will slow this year, as the global economy struggles under the weight of a trade war, a slowdown in China and the waning stimulus from BOTH Trump’s signature tax cuts and additional government spending.
And, lest anyone should forget…Carrot Top‘s threat of another government shutdown!
I don’t know about you folks, but I’m exhausted from winning, and winning, and winning…
Expertise in economic matters?
Trump?
Once I’ve finished reviewing his personal and family income tax returns and business records, I’ll be able to give you a more specific answer.
Oh, that’s right, they’re still under audit…
Head for the lifeboats!
Lobster on the Prairie 