Powell is a person.
The pool is pictured.
US stocks were little changed Wednesday morning ahead of the Fed's policy decision.
Chairman Powell is expected to take a hard stance against inflation.
Powell could indicate the path for interest rate hikes into the future.
US stocks were virtually unchanged in Wednesday morning trades as investors await the Federal Reserve Chairman's highly anticipated December meeting this afternoon.
Last week, inflation hit 40-year records, and Powell is expected to take a more aggressive stance to combat it. The surge in inflation comes as America's employment situation continues to improve, giving the Fed more flexibility to shift its focus towards controlling rising prices.
Changes to the Fed's policy could include a quicker taper of its monthly bond purchasing program, as well as more concrete outlook as to how many interest rate hikes investors can expect in the future.
The US Fed is feeling the heat from inflation. Pressure on the Bank of England to raise interest rates was put on by the UK's highest inflation in a decade.
The US indexes stood at 9:30 a.m. On Wednesday, it will be open.
Retail sales fell in November after a strong October. US retail sales rose in November, but not as much as expected. Concerns about supply chain delays and inflation likely contributed to the weaker than expected data point.
There was a glitch in the websites that listed insane price increases for cryptocurrencies. The incorrect price of the digital currency was displayed at more than $799 billion.
The new trading app called Iconik is trying to give retail investors a louder voice when it comes to shareholder voting proposals. The app pools together retail shares in companies to vote on company issues.
The price of West Texas Intermediate crude oil dropped as much as 0.71%. The price of oil fell as much as 0.58%) to $73.27 per barrel.
The price of gold fell as much as 0.11%.
Business Insider has an original article.
