Jerome Powell, Chairman of the United States Federal Reserve, is appearing after the entity’s announcement to keep its interest rates unchanged in the range of 0.0-0.25%.
Featured statements:
“The rate of improvement in May and June has moderated, although it is not unexpected.”
“We have concerned about downside risks, including the spread of disease, and households will spend savings. ”
“Support for the Coronavirus Aid, Relief and Economic Security (CARES) Act was absolutely essential.”
“It is more fiscal support likely“.
“The Fed will do what it has to do with the tools we have.”
“Having the virus under control is essential for the economy.”
“Fiscal policy can do what we cannot to replace lost income. ”
“We can support financial stability, demand.”
“We will have a stronger recovery with more fiscal support“.
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Credits: Forex Street
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