Federal Reserve System (Fed) Governor Powell Speech

Fed Governor Speech may shed light in the upcoming changes in the Fed's monetary policy. Seven Governors are appointed by the US President and approved by the Senate. The longest term of appointment is 14 years. The appointments are reviewed every two years, after which a Governor is either renominated or a new Governor is selected.

Public statements by the Fed Governors can contain an assessment of current economic conditions and inflation in the country. If the speech suggests a possible hike in the Fed's interest rate or tightening of the country's monetary policy during several next meetings, such a speech may lead to a near-term volatility of the dollar towards growth. If the Governor's rhetoric is cautious or conservative, it rarely affects the exchange rate of the national currency.