The President of the FOMC, Jerome Powell, is delivering his remarks on the economic and political outlook at an online event hosted by the Princeton Bendheim Center for Finance.
“The Guidance on rates and asset purchases is not based on time, but on results“.
“We will be very transparent as we get closer to our goal.”
“When appropriate to discuss specific dates for QE phasing out, we will let the world know“.
“We will let the world know well in advance of any reduction in asset purchases.”
“The Fed is studying the risks of stablecoins, a very high priority. “