Following the decision of Federal Open Market Committee (FOMC) On keeping 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 outlook.
Key statements
“The current political stance is appropriate.”
“The financial conditions are very accommodative.”
“Rate sensitive sectors are doing well.”
“We have the flexibility to offer more accommodations if circumstances change.”
“We will continue to use our tools to support the economy for as long as it takes until it gets really good.”
“Anytime we see that the economy needs stronger accommodation, we will be prepared to provide it.”
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