Forex World News : Powell speech

Date : 2021 / 01 / 14

FOMC Chairman Jerome Powell is delivering his remarks on the economy and policy outlook at an online event organized by Princeton Bendheim Center for Finance.

Key quotes:

“Guidance on rates, asset purchases is not time-based but outcome-based.”

“We will be very very transparent as we get close.”

“When it does become appropriate to discuss specific dates for QE taper, we will let the world know.”

“We will let the world know well in advance of any taper of asset purchases.”

“Fed is studying risks of stablecoins, a very high priority.”

“This will be a different economy when we come out of the pandemic.”

“We are still at early stage of understanding climate change implications for the economy and financial sector.”

“We are not living the downside case that was contemplated back in March.”

“We could be back to the old economic peak fairly soon.”

“We may bypass some of the damage to low-income people as the economy revives with vaccines.”

“There is a lot of reason to be optimistic about the US economy.”

Written by Big Pippin, Author from FxStreet

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