FOMC Chairman Powell to speak on policy framework review on August 27

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, will be discussing the Fed's monetary policy framework review at Kansas City Fed's annual central banking conference.

Powell is scheduled to deliver his remarks at 9:10 EDT on the opening day of the conference, the Fed announced. The title of the conference is "Navigating the Decade Ahead: Implications for Monetary Policy."

Market reaction

The US Dollar Index, which tracks the USD's performance against a basket of six major currencies, largely ignored this announcement and was last seen losing 0.24% on a daily basis at 92.78.

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