Powell speech: Pandemic is a disinflationary shock
Following the Federal Open Market Committee's (FOMC) decision to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is delivering his comments on the policy outlook.
Key quotes
"Earlier fiscal actions by Congress are really helping the economy."
"It's a good thing a new package is being considered."
"Pandemic is a disinflationary shock."
"The Fed is not even thinking about thinking about raising rates."
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