The Federal Reserve is planning to hold a press conference after every meeting starting in January 2019, chairman Jay Powell said on Wednesday.
“This change is only about improving communication,” My Powell said at the outset of the press conference that began after the Fed’s latest two-day meeting. The Fed typically has scheduled press briefings at four of its eight meetings this year.
Mr Powell had previously signalled that he would be open to holding more press briefings in an efforts to better convey the Fed’s actions. But he reiterated on Wednesday that no one should take that as a clue about the Fed’s policy path.
Get alerts on Federal Reserve when a new story is published