A meeting of global central bank governors discussing the world financial landscape.
Powell presides over the meeting in the Rocky Mountains.
1. Monetary policy
2. Financial stability
3. Global economic challenges
Central bank governors from around the world discuss the global financial system in the beautiful and secluded Rocky Mountains and formulate future financial patterns.
Reviewing the impact of historical statements from the Federal Reserve:
Bernanke's 2010 speech: Hinting at the launch of QE2.
(Second round of quantitative easing) triggered global market turbulence.
Yellen's 2014 speech: Emphasizing the recovery of the job market.
The market interprets this as an increase in interest rate expectations.
Powell's 2022 speech: Reiterating determination to combat inflation.
The market plummets severely, with the three major U.S. stock indices falling over 3% in a single day.
Powell's speech in 2025: ?
Although Powell has always spoken with data, this World Central Bank Conference will likely set a tone that influences the trend.
Powell will step down in May next year; if Trump’s appointee cuts rates smoothly, it could take off quickly.
At that time, I will provide simultaneous interpretation of the meeting's minutes.