FOMC official Cook speaks Friday – won’t be of interest to traders

June 07, 2024 at 02:38AM
1600 GMT / 1200 US Eastern time – Federal Reserve Board Governor Lisa Cook gives commencement address before the Girls Global Academy 2024 Commencement Ceremony, at the University of the District of Columbia

The next Federal Open Market Committee (FOMC) meeting is June 11 and 12. Fed officials are not permitted to make public comments on economic or policy matters during the ” blackout period” ahead of the meeting:

“The blackout period will begin at 12:00 a.m. Eastern Time the second Saturday before a meeting and end at 11:59 p.m. Eastern Time the day after a meeting.

For example, if the Committee meeting starts on a Tuesday, the blackout period will begin at the start of the Saturday that falls ten days earlier, and if the meeting ends on a Wednesday, the blackout period will end at the end of Thursday.”

Cook’s speech today will not have anything on the economy or policy. A couple of weeks ago Federal Reserve Chair Powell gave a commencement speech also. Likewise, his didn’t contain anything on the economy or policy.

This article was written by Eamonn Sheridan at www.forexlive.com.

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