Powell speech: Bad outcomes have happened when central bank independence is diminished

Comments from Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, cross the wires as he responds to questions from members o  |  11/07/2019 17:14

Comments from Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, cross the wires as he responds to questions from members of the Congress at the second day of his semi-annual monetary policy testimony before the Committee on Financial Services. Below are some key takeaways, per Reuters.

"Businesses are starting to hold back on investment, it has really slowed down here."

"We see really weak economic performance in Asia and Europe."

"Many of my colleagues on the FOMC have come to the view that a somewhat more accommodative policy may be appropriate."

"Bad outcomes have happened when central bank independence is diminished."

"We will always do what we think is right for the economy."

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com