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, presents his comments on the policy perspectives.
Key statements
“Inflation is a weaker beat than it was years ago.”
“Seeing Much Demand for US Treasury Paper”.
“I will not discuss politics with Jannet Yellen until it is confirmed.”
“I’m not overly concerned about stock market valuations.”
“The leverage of non-financial companies is high but the rates are low.”
“The last thing to support financial stability is a strong economy.”
“The overall picture of financial stability is mixed.”
“There are not many red flags in the financial stability landscape, monitoring almost daily.”
“As a general rule, it’s important to be on a sustainable fiscal path, the time to focus on that is when the economy is strong.”
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