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Fed Press Conference: Chairman Jerome Powell speech live stream – July 29 – FXStreet

Jerome Powell, Chairman of the Federal Reserve System, will be delivering his remarks on the monetary policy outlook at a press conference following the meeting of the Board of Governors. Powell’s speech will start at 18:30 GMT.

Follow all the Fed updates, analysis, technical levels to watch and more, at the Fed Live Coverage

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Fed Preview: 10 major banks expectations.

The world’s most powerful central bank is set to leave its policy unchanged after its massive monetary stimulus early in the year and as we get closer to the release time, here are the expectations forecast by the economists and researchers of ten major banks, regarding the upcoming FOMC meeting.

When is the Fed interest rate decision and how could it affect the S&P 500?

The current economic situation warrants strong stimulus from the Fed.  Market participants will likely look into the statement and also into Powell’s words for clues about further stimulus, as they do not expect major announcements on Wednesday.

About Jerome Powell (via Federalreserve.gov)

Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

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Press secretary

Press secretary claims Juneteenth is a ‘meaningful day’ to Trump but others see racist play – CNN

(CNN)White House press secretary Kayleigh McEnany told reporters Thursday that President Donald Trump will resume campaign rallies on Juneteenth, a holiday marking the emancipation of slaves, in Tulsa, Oklahoma, a city with a history of a racial massacre. She claimed Trump will “share some of the progress that has been made” for black Americans — but that explanation is being rejected by many African American leaders.

“The African American community is very near and dear to his heart. At these rallies he often shares the great work he has done for minority communities,” McEnany said, citing criminal justice reform and funding for historically black colleges and universities. “He’s working on rectifying injustices … So, it’s a meaningful day to him, and it’s a day where wants to share some of the progress that’s been made as we look forward and more that needs to be done.”
But given Trump’s history of racist statements, including the birther movement, many instead see a call out to rally white supremacists.
Sen. Kamala Harris, a California Democrat who is widely viewed as a top contender to be Joe Biden’s vice presidential pick, blasted Trump’s decision to hold the rally there on Juneteenth.
“This isn’t just a wink to white supremacists — he’s throwing them a welcome home party,” she tweeted Thursday.
Harris has been critical of Trump’s posture on race, frequently saying he’s unfit to be president because he doesn’t understand the racial turmoil engulfing the nation.
Other Democratic leaders chimed in to slam the President for holding the rally at the site that bore a horrific act of communal racial violence 99 years ago.
Texas congressman and Congressional Black Caucus member Al Green tweeted: “Trump rally with rebel flags (a symbol of slavery and racism) in Tulsa, OK (the place of #TulsaMassacre) on Juneteenth (a day of emancipation recognition) is more than a slap in the face to African Americans; it is overt racism from the highest office in the land. #RejectRacism.”
While the President has said he sympathizes with peaceful protesters marching after Floyd’s death, he has a history of stoking racial animus, including calling some protesters “thugs” and threatened to deploy the military to “dominate” looters.
He won’t apologize for taking out ads in the 1980s calling for the return of the death penalty aimed at five teenagers of color, wrongly accused of raping a jogger and pressured into giving false confessions, known as the Central Park Five. Last year, he implied in the series of racist tweets that four congresswomen of color weren’t American and sarcastically suggested “they go back and help fix the totally broken and crime infested places from which they came.” And he defended the protesters opposed to the removal of a Robert E. Lee statue in Charlottesville, Virginia, saying the group, which contained white nationalists, included some “fine people.”
The Tulsa rally, Trump’s first since March 2, comes amid a national reckoning on systemic racism in the wake of George Floyd’s killing at the hands of police officers, and a pandemic disproportionately impacting minority communities from both health and economic perspectives.
In 1921, Tulsa was the site of a massacre of hundreds of African Americans during racial unrest in the historic section of the city known as “Black Wall Street.”
Once considered one of the most affluent and flourishing African American community in the country, the district of Greenwood enjoyed more than 300 black-owned businesses, including luxury hotels, theaters, doctors and a pharmacist. Initial reports of the attack by a white mob, which looted and burned businesses to the ground, said it took the lives of 36 people. But historians now believe as many as 300 died, according to the Tulsa Historical Society and Museum.
Trump campaign manager Brad Parscale defended the Juneteenth rally date tweeting: “As the Party of Lincoln, Republicans are proud of what Juneteenth represents and the Emancipation Proclamation.”
But of course his celebration of emancipation comes as Trump vowed to keep Army bases named after Confederate commanders.
McEnany continued Thursday to make an illogical argument defending the President’s decision rejecting renaming 10 US military bases named after Confederate leaders, claiming Thursday that the bases are defined by people who serve there and not those they are named after.
“If you change the name, what you are saying to the men and women who left those forts, who died for this country in many cases, you are telling them that the institution they left was fundamentally and inherently racist because of the name that is on it. The President doesn’t stand for that proposition, he wants to respect our military,” she said.
Pressed by CNN’s Joe Johns on the fact that these bases are named for 10 individuals who betrayed their country, McEnany said: “Where the President stands is he believes these bases are most notably defined by the heroes within it, by the acts that they did in winning two world wars, defeating fascism across the globe. That’s what these bases stand for not the names on them. So, he doesn’t want to change the names, he’s vehemently opposed to that.”

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Press secretary

WH press secretary calls out Dems who say Fauci was ‘blocked’ from testifying in House: A ‘publicity stunt’ – Fox News

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White House press secretary Kayleigh McEnany responded Saturday to questions as to why White House coronavirus task force member Dr. Anthony Fauci was supposedly “blocked” from testifying before the House next week.

“In this case, [Rep. Nita Lowey, D-N.Y.] actually made several calls to Chief of Staff Mark Meadows, who I just spoke with, and the chief of staff repeatedly asked what the subject matter of the hearing would be,” McEnany said on “America’s Newsroom HQ.”

“Besides giving vague responses, she never gave too much detail as to what the actual subject matter would be other than it being a subcommittee for HHS [Department of Health and Human Services] funding, which would have been a rather odd fit for Dr. Fauci being that he’s at NIH [the National Institutes of Health], which is a subdivision of Secretary [Alex] Azar’s HHS. So when we pressed for details as to why Dr. Fauci, in particular, was the right person for this testimony in this hearing, those details were never provided.”

TRUMP: ‘I DON’T AGREE’ WITH FAUCI OVER US TESTING CAPABILITIES TO CURB CORONAVIRUS

A House Appropriations Committee spokesman also confirmed that the White House had prevented Fauci from testifying as a witness during a subcommittee hearing on the COVID-19 response scheduled for next week.

The White House called such a testimony “counterproductive” in the heat of the pandemic.

CLICK HERE FOR FULL CORONAVIRUS COVERAGE

Anchor Eric Shawn asked McEnany about the news that Democrats replaced Fauci with Dr. Tom Frieden, former director of the Centers for Disease Control and Prevention (CDC).

“That’s their decision. But they were not acting in good faith with the administration here,” she said. “Beyond that, I’d also note where the Senate gave us their plans to social distance and how to do this safely. The House has yet to do that. So they’re not acting in good faith. And this really was a publicity stunt on the part of Democrats saying that the White House blocked Dr. Fauci because that wasn’t the case.”

President Trump on Saturday tweeted that Fauci would testify before the Senate “very soon.”

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Conference Press

Fed Press Conference: Chairman Jerome Powell speech live stream – April 29 – FXStreet

Jerome Powell, Chairman of the Federal Reserve System, will be delivering his remarks on the monetary policy outlook at a press conference following the meeting of the Board of Governors. Powell’s speech today (April 29th, 2020) will start at 18:30 GMT.

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When is the Fed interest rate decision and how could it affect EUR/USD?

The Fed is expected to keep the Fed Funds rate unchanged at 0.00-0.25%. Earlier today, Q1 GDP data showed the terrible consequences of the coronavirus on growth. The economy contracted by 4.8%.

Fed Preview: Powell could trigger the end of the dollar panic trade.

The Fed’s view into the next quarter and through the end of the year will be the paramount interest at Wednesday’s FOMC meeting, FXStreet’s analyst Joseph Trevisani reports.

About Jerome Powell (via Federalreserve.gov)

Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

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