From the course: Economic Indicators

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Fed press conference and testimony

Fed press conference and testimony

From the course: Economic Indicators

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Fed press conference and testimony

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- You don't need to run a trillion-dollar hedge fund to make the stock market move. If you're the chair of the US Federal Reserve System, the central bank of the United States, the weight of your words can cause the stock market to move significantly. Just a hint of the potential to raise interest rates and be hawkish or leave interest rates low and be dovish, can be absolutely critical for the expected cost of money, corporate profits, and growth expectations. There are two main times when what the Fed chair says can impact markets the most: press conferences after Fed decisions about policy, and testimony before Congress. Let's talk about the Fed meeting press conferences. These take a standard structure. After a brief welcome, the Fed chair reads the Fed decision and then answers questions from the press and the audience. Bloomberg, The Wall Street Journal, CNBC, and many others are there, trying to put the Fed chair on the hot seat to reveal hints about future policy that are not…

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