Fed’s Powell says press conference at every meeting means all sessions are ‘live’

DALLAS (Reuters) – Federal Reserve Chair Jerome Powell said that the introduction of press conferences after every Fed meeting next year means all meetings are now “live” for possible rate increases.

“The market is going to have to get used to that,” Powell said of the fact that the Fed may now raise rates at any of its eight regular policy meetings, and not just the four at which it had been holding press conferences in the past.

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