Federal Reserve Chair Jerome Powell on Friday said the central bank will 'a...
- Federal Reserve Chair Jerome Powell on Friday said the central bank will “act as appropriate” to support the economy in the face of risks posed by the coronavirus epidemic, though he said the economy remains in good shape overall.
The statement, flagging the Fed’s willingness to move if the health emergency posed by the illness known as COVID-19 continues to spread and impact the economy, came in response to soaring expectations that the Fed will cut interest rates at its upcoming March meeting. Until the chair spoke, Fed officials largely focused on the fact that the virus outbreak had not seemed to dent U.S. economic data, and most signaled they expected the outbreak to be contained and any economic damage to be modest.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Fed Chair Jerome Powell says coronavirus presents ‘evolving risks’ to the U.S. economyAmid a tumbling stock market and questions about how the White House is handling the coronavirus, Fed Chair Powell says the virus 'poses evolving risks to economic activity.'
Les mer »
Fed chair Powell: Will 'use our tools' to support economy from coronavirusFederal Reserve Chairman Jerome Powell pledges that the Fed will support the economy, an effort to ease fears and a strong signal of a likely rate cut.
Les mer »
Ex-Fed official Richard Fisher warns against Fed-to-the-rescue every time there's a crisis'I think the market is getting ahead of itself because the market is dependent on Fed largess,' Fisher said.
Les mer »
Fed's Powell says coronavirus poses 'evolving risks,' pledges to 'act as appropriate' for economy
Les mer »
Coronavirus could drive the US economy into recession, ex-Fed chief Janet Yellen warns | Markets InsiderEx-Federal Reserve Chair Janet Yellen warned coronavirus could cause the US economy to shrink, according to Bloomberg. 'It's just conceivable th...
Les mer »