Fed Chairman Jerome Powell said...
S&P 500 inches higher amid stimulus hopes, Fed commitment to keep supporting economy
Quote:
To be sure, Fed Chairman Jerome Powell said the central bank would increase its asset purchases if the economic recovery slows.
“Our guidance is outcome-based and is tied to progress toward reaching our employment and inflation goals. Thus, if progress toward our goals were to slow, the guidance would convey our intention to increase policy accommodation through a lower expected path of the federal funds rate, and a higher expected path of the balance sheet,” Powell said.
https://www.cnbc.com/2020/12/15/stoc...lose-news.html
Re: Fed Chairman Jerome Powell said...
Near zero rates until 2023. The best stimulus for job creation will be opening up again. Most people want to get back to work.
The inflation goals just baffle me. "You can have your jobs back, but we really want to water down your spending power." When they going to pull the rug out on cost of living adjustments?
