The President of the FOMC, Jerome Powell, has delivered his comments on the economic and political outlook at a virtual event organized by the Economic Club of Washington.
Featured statements:
“The Market should focus on results, not projections of the dot plot “.
“It is very unlikely we will increase rates before the end of 2022But really this will be based on the results. “
“La rReduction of QE will in all likelihood be long before we raise rates of interest”.
“I don’t think we will ever sell bonds on the market.”
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
