Fed chair Powell: will hold press conference after every policy meeting

Washington (AFP) – Federal Reserve chair Jerome Powell announced Wednesday that he will hold a press conference after every policy meeting, rather than the current quarterly schedule.

The change will start in January following the meetings that are scheduled roughly once every six weeks to give the Fed “more opportunities to explain our actions,” Powell told reporters. 

But he said “having twice as many press conferences does not signal anything about the timing or the pace of interest rate changes.”