Fed Chair Powell's Insights at US Treasury Market Conference Amid Rate Cut Discussions
Fed Chair Powell to Speak at the US Treasury Market Conference
Fed Chair Powell will deliver his Opening Remarks via pre-recorded video at the 2024 U.S. Treasury Market Conference hosted by the Federal Reserve Bank of New York.
Scheduled for September 26 at 9:20 am, this speech follows the unexpected 50 basis points rate cut during the recent FOMC meeting. 'There was widespread anticipation for a 25bps cut, making Powell's address especially critical for investors.
Key Highlights of the Conference
- Federal Reserve Board Governor Michelle Bowman was the only dissenting vote for a lower rate.
- The FOMC meeting minutes will be released on October 9.
- The conference begins with a webcast available on the Federal Reserve Bank of New York's website from 9:00 a.m..
- Panel discussions will feature insights from key financial policymakers.
The Importance of the US Treasury Market
The United States Treasury market is vital to both domestic and international investors. It serves as the primary source of financing for the US federal government while also acting as a main risk-free investment benchmark. This vital market informs the Federal Reserve's monetary policy decisions.
The conference, a collaborative effort between key financial agencies, fosters dialogue on developments in the Treasury market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.