Federal Reserve Chairman Jerome Powell has released his opening statements ahead of his Tuesday confirmation hearing. His remarks seem to mark an approaching shift in the central bank’s monetary policy for 2022.
Key indices like the S&P 500, the Dow, and Nasdaq have experienced a rollercoaster of ups and downs since the beginning of the COVID-19 pandemic. How does this week’s turnaround compare to others that traders have seen over the past year and a half?
The Federal Open Market Committee is set to meet, and its decisions could have a big effect on the economy. However, many are left wondering what the FOMC is, how it functions, and what its mission is.