Following the decision of Federal Open Market Committee (FOMC) to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, has offered his comments on the policy outlook.
Key statements
“Is very appropriate that monetary policy remains accommodative“.
“We look at asset prices, leverage in the banking and non-banking systems, and funding risk.”
“The financial stability vulnerabilities are moderate“.
“Asset prices in recent months have been expectations about vaccines and fiscal policy.”
“The connection between low interest rates and asset values ​​is not as close as people think.”
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