Fed’s Powell: Outlook “favorable,” steps to address money market volatility coming “soon”
Federal Reserve chairman Jerome
Powell on Tuesday flagged openness to further rate cuts amid
global economic risks, and said the time to allow the Fed’s
asset holdings to begin to expand again “is now upon us” in
order to ensure money markets function smoothly.
Powell on Tuesday flagged openness to further rate cuts amid
global economic risks, and said the time to allow the Fed’s
asset holdings to begin to expand again “is now upon us” in
order to ensure money markets function smoothly.
Posted by Reuters
