Jerome Powell, Chairman of the United States Federal Reserve, is appearing after the entity’s announcement to keep its interest rates unchanged in the range of 0.0-0.25%.
Featured statements:
“The ability to achieve maximum employment depends on having long-term inflation anchored at 2%“.
“We will keep the accommodative policy until employment and inflation targets are met“.
“The FOMC discussed asset purchases at this meeting. ”
“The FOMC believes that asset purchases have materially eased financial conditions, providing support to the economy.”
“We will continue to evaluate asset purchases.”
“Preserving the flow of credit is essential for the economy.”
“When the time comes, after the crisis, we will put the emergency tools in the toolbox.”
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Credits: Forex Street
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