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8 May 2018
Powell speech: Risk sentiment will bear close watching as normalization occurs
The US Federal Reserve (Fed) Chairman Jerome Powell is on the wires now, via Reuters, making a scheduled speech titled "Monetary Policy Influences on Global Financial Conditions and International Capital Flows" at the High Level Conference on the International Monetary System, hosted jointly by the Swiss National Bank and International Monetary Fund, in Zurich.
Key Headlines:
Fed will communicate as clearly as possible.
Risk sentiment will bear close watching as normalization occurs.
Some investors not well positioned for anticipated US interest rate hikes.
Fed normalisation should be manageable for emerging markets.
Fed's influence on global financial markets should not be overstated.