La Reserva Federal probablemente mantendrá la política sin cambios, la incertidumbre sobre la continuidad de Powell genera atención

Golden Finance reports that on April 29th, the uncertainty about the economic outlook and the leadership changes in the central bank cast a shadow over this week’s Federal Reserve meeting, with officials expected to keep interest rates unchanged on Wednesday. The Iran war has led to soaring energy prices and supply chain disruptions, increasing the likelihood of rising inflation and slowing economic growth, prompting policymakers to signal a current tendency to adopt a wait-and-see stance. The Federal Open Market Committee(FOMC) is expected to keep the target range for the federal funds rate at 3.5%-3.75% for the third consecutive meeting. In what is likely to be Jerome Powell’s last press conference as Federal Reserve Chair, investors will look for clues to judge how long the Fed plans to maintain this patient stance. However, perhaps more attention from the outside world will be on Powell’s statements regarding his future direction at the Fed. Powell has hinted that after his term expires on May 15th, he may continue to serve as a member of the Federal Reserve Board. Officials will issue a statement after the press conference in Washington at 2 p.m. local time, with Powell’s press conference scheduled 30 minutes later. Fed observers expect that this policy statement will not differ significantly from March, but there may be a few minor adjustments. For example, officials might revise their description of the labor market to reflect recent data showing that, despite low hiring numbers, the labor market has become more stable.(Dongxin News)