Following the decision of Federal Open Market Committee (FOMC) On keeping 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, presents his comments on the policy outlook.
Key statements
“The outlook for the economy is uncertain, it will depend on the virus.”
“The recent news about vaccines is very positive.”
“The increase in coronavirus cases is particularly worrying.”
“The next few months are likely to be very challenging.”
“The increased balance sheet has supported the economy.”
“The increase in the balance sheet will ensure that the policy remains accommodative.”
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