The President of the FOMC, Jerome Powell, is delivering his remarks on the economic and political outlook at an online event hosted by the Princeton Bendheim Center for Finance.
Featured statements:
“We have to think about the market structure, the resistance, after seeing how the treasury market behaved in the crisis.”
“If we do our job well, that will encourage the creation of safe assets, the use of the dollar as a reserve currency“.
“The low utilization of facilities 13-3 is just a sign of success.”
“Swap lines help people in the United States, it’s not just something for the rest of the world.”
“Throughout history, the Fed will have political space in a few years; no need for helicopter money in America“.
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