Powell says interest rates unlikely to change...
Fed’s Powell says interest rates unlikely to change as long as growth continues
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KEY POINTS
Fed Chairman Jerome Powell says the central bank is unlikely to move on interest rates given the “sustained” economic expansion.
The central bank has cut its benchmark rate three times this year to a range of 1.5%-1.75%.
“Looking ahead, my colleagues and I see a sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2 percent objective as most likely,” he tells a joint congressional committee.
https://www.cnbc.com/2019/11/13/feds...continues.html
Re: Powell says interest rates unlikely to change...
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Fed’s Powell says interest rates unlikely to change as long as growth continues
..and so it continues..
Fed is ‘super-glued’ to its seat until after the election, economists say after stellar jobs report
