Federal Reserve Chair Jerome Powell Holds News Conference | LIVE | NowThis

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FED CHAIR COMMENTS ON ECONOMY AFTER BIDEN’S WIN: Federal Reserve Chair Jerome Powell holds a virtual press conference following the central bank’s two-day Federal Open Market Committee meeting. This is Powell’s first time speaking to the press since Joe Biden officially became the president-elect. Powell is expected to discuss his new outlook on the economy and how long the central bank expects to keep interest rates at near-zero levels. Economists are expecting a generally more positive outlook from Powell as the U.S. begins a nationwide vaccination campaign following the emergency use authorization from the FDA for the Pfizer-BioNTech vaccine, as well as early positive reviews from the FDA regarding Moderna’s vaccine. However, most uncertainty stems from whether or not an economic aid package is passed by Congress—something that Powell himself has been advocating for for months.
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