1700 GMT bring Federal Reserve Bank of San Francisco President Mary Daly
- participates in a virtual conversation, "Inflation , the Economy and the Federal Reserve" hosted by the American Enterprise Institute
We had a break from Federal Reserve pontificating during the pre-FOMC blackout period. Thats over now. They're back. Kicking off later Friday with Daly.
Daly is widely seen as sharing Powell's views p[pretty much 100%. She is unlikely to depart from Powell's messaging on Wednesday:
- US stocks erase declines. Trade higher on the day as Powell testimony continues
- Powell Q&A: Strong view of FOMC is need to stay with rates high until inflation falls
- A look at the technicals post the FOMC rate decision
- Powell opening statement: We have more work to do
- US dollar jumps on new Fed forecasts as Powell awaited
- A comparison of November to December FOMC Statements
- FOMC dot plot and central tendencies from Dec 2022 meeting. EOY 2023 4.8%
- Full FOMC statement from the December 2022 Fed meeting
- Federal Reserve hikes 50 basis points, as expected
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Fed NY's Williams and Cleveland's Mester are to appear on Bloomberg TV. I don't have timings for them.