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Federal Reserve Chair Jerome Powell announced that the Fed is currently reviewing executive orders related to diversity and inclusion policies issued by former President Donald Trump. Powell stated that the Fed is working to align its policies with these executive orders under applicable law. He emphasized that the staff is examining various potential outcomes regarding the impact of these policies. Powell refrained from providing further details on the specifics of the executive orders or the implications for the Fed's operations, indicating a careful approach to the review process.
Powell on OMB memos, executive orders: "It has been our practice, as I mentioned, to work to align our policies to those mentioned in the executive orders. I am just going to leave it at that. I am not going to go any deeper than that, or get any deeper into this set of issues…
$SPY Fed Chair Powell Says We Are Reviewing Details Of Executive Orders; We Are Working To Align Our Policies With Executive Orders Under Applicable Law; Staff Looks At A Range Of Possible Outcomes, On Impact Of Possible Policies; We Think We See The Pathway For That To Happen;…
Fed’s Powell Says Fed Is Waiting To See On Trump Policies - Reviewing Executive Orders, Working To Align Policy With EO’s ‘As Appropriate’ $DXY $USDJPY #FOMC