Federal Reserve Chairman Jerome Powell was set to speak to media representatives Wednesday following the conclusion of the central bank's two-day policy meeting where it cut rates for a third time this year.
The Fed indicated it may pause rate cuts from here however, leaving markets on edge. The central bank removed a key clause that had appeared in post-meeting statements since June saying that it was committed to "act as appropriate to sustain the expansion." Powell will be asked to elaborate on this change.
The Fed chief will also be asked about his views on the economy generally and how the Fed is handling the recent volatility in the repo markets, where banks go to get short-term funding for their operations.
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