This week the Federal Reserve’s Federal Open Markets Committee (FOMC) meets on Tuesday and Wednesday to make its next decision on interest rates.  The general expectation is that rates will remain steady.  On Wednesday, May 1, at 2:00pm the Fed will put out the official FOMC statement and at 2:30 Chair Powell will have his regular post-meeting press conference.

As someone who has worked and followed Washington for many years, what I find particularly interesting about the Chair’s presser is that, unlike almost any other similar event I can think of, the minutes of the meeting are released three weeks later.  When Powell answers the questions, he knows that if he isn’t fairly presenting the views of the Committee and what transpired will become a big story in three weeks. It is why I find these sessions particularly important as it gives better insight in what the thinking of the Committee is rather than just reading the official statement.

The next summer meetings of the FOMC will be on June 11-12 and July 30-31.  No meeting will occur in August.

House and Speaker’s week ahead

The House returns after a week-long break following its tough vote to provide military assistance to Ukraine, Israel, and Taiwan.  The bill passed when Speaker Mike...

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