In an interview with National Public Radio (NPR), FOMC President Jerome Powell noted that the economic outlook recently improved with the launch of the vaccine and additional fiscal support, as reported by Reuters.
Key Comments:
“A As the economy recovers and makes substantial progress toward our goals, we will reverse bond purchases“.
“The process will be carried out with the greatest transparency“.
“We are strongly committed to an average inflation of 2% over time“.
“The current debt level is not unsustainable, it is not about the United States being able to service its debt right now.”
“Climate change is an important issue that we will deal with for a long time with important economic implications.”
“The Fed has a role to play in this, a limited but important set of responsibilities around banking regulation.”
“It is not our job to tell banks which legal companies to lend to or not to lend to.”
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