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 pace of improvement in the labor market has moderated“.
“We will not lose sight of the millions of people out of work.”
“The economic dislocation has disrupted lives, created uncertainty.”
“Prices are particularly soft for the sectors most affected by the pandemic.”
“The inflation remains below the 2% target“.
“The outlook for the economy is extraordinarily uncertain“.
“The recent increase in COVID cases both in the United States and abroad is particularly concerning.”
“A full economic recovery is unlikely until people are confident that it is safe to engage in a wide range of activities again.”
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Credits: Forex Street
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