Federal Reserve chairman Jerome Powell wants to make America’s central bank easier to understand and more open to the public.
In a departure from precedent, Powell began the press conference following the meeting of the Fed’s monetary conference with what he described as a “plain English” statement of the Fed’s view of the economy and its policy.
Most people who want to find jobs are finding them.
Beginning in January, the Fed chair will hold a press conference after every meeting of the Federal Open Markets Committee.
In recent years, Fed watchers have correctly assumed that the Fed would only raise rates during meetings followed by a press conference.