Following the decision of 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, submits comments on policy perspectives.
Key statements
“There are small businesses across the country that are holding out.”
“We are going to continue supporting the economy for quite some time.”
“It will be a while before we go back to the job market that we had earlier this year.”
“It is possible to achieve herd immunity sometime in the middle to the end of next year.”
“Sometime in the middle of the second half of 2021, the United States may achieve herd immunity.”
“There are significant global disinflationary pressures.”
“Even with a very high level of accommodation through fees and asset purchases, it will take some time to increase inflation.”
.
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.
