Jerome Powell, Chairman of the US Federal Reserve (Fed), delivers the Semi-Annual Monetary Policy Report and responds to questions before the Senate Banking Committee on the first day of his Congressional testimony.
Key takeaways
"We are looking at where we can be faster and more forceful where appropriate in supervising banks."
"Unemployment is still low by historical standards."
"Job creation is narrowing in the economy."
"Not sending any signals today about timing of future Fed policy actions."
"Banks need to be honestly assessing their risk to manage it."
"Large banks can manage this problem."
"For smaller banks, we are in touch with those banks to make sure they can manage them."
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
-THE END-