Analyst: Powell's Press Conference Expected to Avoid Questions About His Post-Term Plans

Odaily News According to Pepperstone analyst Michael Brown, the policy statement saw almost no changes, although the assessment of economic conditions was upgraded to reflect a "solid" pace of growth. He stated that attention will shift to the press conference, where Fed Chair Powell might mention that the current federal funds rate is likely within a reasonable estimate of the neutral rate range. However, he is expected to firmly avoid any questions regarding his plans beyond May. (Jin10)