UPDATE 1-Fed’s Powell: Outlook “favorable,” steps to address money market volatility coming “soon”
U.S. 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.
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.
Posted by Reuters
