W3Schools

The Fed: Seemingly dovish, Powell says interest rates are ‘just below’ level where they won’t stimulate economy

Bloomberg
Jerome Powell, chairman of the U.S. Federal Reserve

Federal Reserve Chairman Jerome Powell on Wednesday used a softer tone to describe where interest-rate policy presently is, in what could be construed as implying fewer interest-rate hikes to come.

“Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy — that is, neither speeding up nor slowing down growth,” Powell told the Economic Club of New York.

His comments on their face appear more dovish than in early October, when Powell said, in reference to the Fed’s interest rates, “we may go past neutral, but we’re a long way from neutral at this point, probably.

>>> Original Source <<<

Comentários