Press Conference: <a href="https://www.youtube.com/watch?v=Wy0_JtAMjps">https://www.youtube.com/watch?v=Wy0_JtAMjps</a><p>I haven't watched it yet, but Powell's speech is traditionally the more important thing with FOMC meetings, because the speech gives more insight into what the FOMC was worried about / not worried about / etc. etc.<p>The +25 BPS was long predicted. All eyes are on September, and the only hint at what happens in September is what Powell said today (and the questions the press asked him).
Doesn't seem like the Fed has any other moves that won't tank the economy (<a href="https://fortune.com/2023/07/10/jerome-powell-federal-reserve-trillions-balance-sheet-unwinding-quantitative-tightening/" rel="nofollow noreferrer">https://fortune.com/2023/07/10/jerome-powell-federal-reserve...</a>). They really need Congress to step in and help soak up the excess.