As the week closes today, three Federal Reserve Presidents are set to deliver speeches.
The most well-known of the speakers is Dallas Fed President Richard Fisher. Fisher is known for speaking candidly and has produced a plethora of sound bites over the years.
Also scheduled to speak are Cleveland Fed President Sandra Pianalto and St. Louis Fed President William Poole.
Markets expect all three speeches to repeat the Federal Reserve’s outlook of moderate economic growth and easing inflationary pressures. If any of the three deviate from the script — especially Poole who is now a FOMC voting member — expect markets to react in kind.