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, provided comments on the policy outlook.
Key statements
“If emergency conditions arise, the emergency loan tools will remain available.”
“The risks of a health crisis are short-term.”
“There is good evidence to support expectations for a stronger economy in the second half of the year.”
“A strong economy in the second half is the baseline scenario, but there are still downside risks.”
“The changes to the outlook statement reflected a more positive outlook.”
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