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Powell to speak Saturday after Fed held rates. This is not a policy related speech.

Summary:Powell to deliver brief remarks at award event on Saturday at 1430 GMT/1030 US Eastern time Appearance tied to American Society for Public Administration conferenceRemarks expected to be non-policy and pre-preparedNo press conference or Q&A scheduledFollows Fed decision to hold rates steady this weekPowell emphasised need for further inflation progressMarkets see continued higher-for-longer policy stanceOil-driven inflation risks complicating outlookLow probability of market-moving signals at this event Unexpected comments could still impact Monday openFederal Reserve Chair Jerome Powell is scheduled to deliver brief remarks on Saturday at an award event, though the appearance is not expected to carry meaningful policy signals following this week’s Federal Open Market Committee (FOMC) decision.According to the Federal Reserve calendar, Powell will speak at the American Society for Public Administration conference, where he is set to give short, pre-prepared remarks tied to an award acceptance. The event is not structured as a policy address and does not include a press conference or formal Q&A, limiting the likelihood of market-moving commentary.The appearance comes just days after the Fed left interest rates unchanged, maintaining its current policy stance as officials continue to assess the path of inflation and growth. Chair Powell struck a cautious tone in his post-meeting press conference, emphasising that further progress on inflation is required before considering rate cuts.Markets interpreted the meeting as reinforcing a “higher-for-longer” bias, with policymakers remaining data-dependent amid persistent inflation risks. Recent volatility in oil prices, driven by escalating tensions in the Middle East, has added another layer of uncertainty, complicating the disinflation outlook and the Fed’s policy path.While Powell’s weekend remarks are not expected to deviate from this framework, the timing means any unexpected comments on inflation, energy prices or rate expectations could draw attention when markets reopen. However, such outcomes are typically rare for ceremonial appearances.More broadly, the distinction highlights the importance of differentiating between formal policy communications—such as FOMC statements and press conferences, and lower-profile public engagements. With markets highly sensitive to Fed signals, clarity around the nature of each appearance remains critical for interpreting potential impact.
This article was written by Eamonn Sheridan at investinglive.com.

🔗 Source

💡 DMK Insight

Powell’s upcoming remarks could stir market sentiment, especially after the Fed’s recent decision to hold rates steady. With no press conference or Q&A, traders might interpret his comments as a signal for future monetary policy direction. The focus on inflation progress suggests that any hints about the Fed’s tightening path could impact not just equities but also forex pairs sensitive to interest rate changes. For instance, if Powell hints at a more aggressive stance, we could see the dollar strengthen against major currencies. Traders should keep an eye on the USD’s reaction, particularly against the euro and yen, as these pairs often respond sharply to Fed commentary. Watch for volatility spikes around the 1430 GMT mark, as market participants digest his words. The real story is whether Powell’s remarks will align with the current market expectations or create a divergence that could lead to swift price movements.

📮 Takeaway

Monitor USD pairs closely around Powell’s remarks at 1430 GMT for potential volatility and shifts in market sentiment.

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