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Federal Reserve officials, Harker and Mester, speak later on Friday

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1300 GMT / 0900 US Eastern time: Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the Risk Management Association Philadelphia Chapter Meeting

1615 GMT / 1215 US Eastern time: Federal Reserve Bank of Cleveland President Loretta Mester speaks on “The Outlook for the Economy and Monetary Policy” before the SOMC Fall Meeting: “Have We Dodged the Bullets?”

These speeches should be the last we hear from Fed officials prior to the October 31 / November 1 meeting as the blackout kicks in the next day:

  • The ‘blackout’ policy limits the extent to which Federal Open Market Committee participants and staff can speak publicly or grant interviews.
  • The period begins the two Saturdays preceding a FOMC meeting and ends the Thursday following.

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