Following the decision of the Federal Open Market Committee (FOMC) to keep 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 outlook for monetary policy.
Featured statements:
“The policy and Fed guidance will ensure that the policy provides powerful support to the economy“.
“He pace of improvement in the labor market slowed in recent months. “
“The way forward is still very uncertain“.
“Several events point to a better outlook for the end of this year“.
“The support of the fiscal policy will help weather the recession and limit lasting damage. “
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