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Jerome Powell Sees Easy-Money Policies Staying in Place – The Wall Street Journal
Fed likely to hold interest rates near zero and continue asset purchases for some time, chairman says
WASHINGTONFederal Reserve Chairman Jerome Powell reaffirmed the central banks commitment to maintaining easy-money policies until the economy has recovered further from the effects of the coronavirus pandemic.
The economy is a long way from our employment and inflation goals, Mr. Powell said in testimony to the Senate Banking Committee, a statement he has repeated in recent weeks. The Fed will therefore continue to support the economy with near-zero interest rates and large-scale asset purchases…
