# Transcript: Fed Chairman Jerome Powell’s Postmeeting Press Conference

> Federal Reserve Chairman Jerome Powell said at his June 13, 2018 press conference that policymakers expect further gradual increases in the federal funds rate. The remarks followed the quarter-point rate hike.

- Date: 2018-06-13 · published 2018-06-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/64441-transcript-fed-chairman-jerome-powell-s-postmeeting-press-conference
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Signals of continued U.S. tightening support a stronger dollar, which tends to weigh on dollar-denominated grain and oilseed prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-31 | [Fed Chairman Powell says rate cut was a 'midcycle adjustment'](https://feedsoft.ai/events/58015-fed-chairman-powell-says-rate-cut-was-a-midcycle-adjustment.md) | +0.9% | +1.8% |
| DXY | 2017-01-11 | [Why the Chinese yuan’s next move may hinge on Trump’s press conference](https://feedsoft.ai/events/10767-why-the-chinese-yuan-s-next-move-may-hinge-on-trump-s-press-conference.md) | -0.7% | -1.9% |
| DXY | 2022-06-23 | [Jerome H Powell: Semiannual Monetary Policy Report to the Congress](https://feedsoft.ai/events/40849-jerome-h-powell-semiannual-monetary-policy-report-to-the-congress.md) | +0.4% | +2.0% |
| DXY | 2021-11-30 | [Fed's Powell floats dropping "transitory" label for inflation](https://feedsoft.ai/events/43955-fed-s-powell-floats-dropping-transitory-label-for-inflation.md) | -0.4% | -1.0% |
| DXY | 2019-05-01 | [Here's the one word from Jerome Powell that has people raising their eyebrows](https://feedsoft.ai/events/58996-here-s-the-one-word-from-jerome-powell-that-has-people-raising-their-eyebrows.md) | +0.2% | +1.1% |

## Sources

- wsj.com: https://www.wsj.com/articles/transcript-fed-chairman-jerome-powells-postmeeting-press-conference-1528929165

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.