How to watch the Fed’s next monetary policy statement
Posted September 18, 2018 06:07:53A key part of the central bank’s next policy statement is expected to come Tuesday, when it will discuss the U.S. economy and the Federal Reserve’s latest $4.6 trillion plan to fight inflation.
A key feature of the next monetary statement is that it will likely discuss the economy’s long-term outlook.
Fed Chair Janet Yellen, the first woman to chair the central banks, will testify at the policy conference.
The Fed is scheduled to hold a press conference later this month.
Yellen will be testifying alongside Fed governors Jerome Powell, John Williams, Jerome Powell Jr., and Jerome Powell II.
Yellen has been a central bank official for nearly 20 years.
She is a graduate of Harvard Law School and Harvard Business School.
She was appointed by President Donald Trump in January and served as the first Fed chair in the aftermath of the 2008 financial crisis.
She has been an outspoken critic of Trump and the policies of former President Barack Obama.
During the campaign, Yellen was widely criticized for criticizing the president’s policy of lifting the cap on interest rates.
Yellens predecessor, Ben Bernanke, has been outspoken in criticizing Trump’s policies.
Bernanke has been the subject of many media reports since his appointment.
In June, a report said Bernanke said that Trump’s economic policies would lead to inflationary pressures.
Bernanke and other top Fed officials have expressed concerns about the effects of the economic turmoil in recent months on the economy.