Fed Powell: Fed will not hesitate to move into new areas if support is needed

Fed Powell: Fed will not hesitate to move into new areas if support is needed

When businesses can reopen, the Fed expects a fairly quick rebound in the second half of this year.

The Fed can keep providing support to the economy as long as needs arise, no limit to how long it can do it.

Inflation is not a first-order concern for us today.

The most important thing the Fed can do is support a robust recovery when it does come.

More fiscal support is likely to be appropriate.

In many cases, people really need direct fiscal support, not Fed loans.

The Fed priority is areas of markets that are most fundamental to supporting the real economy.

The Fed will adjust its programs, willing to adapt as needed.

Big banks dont need to stop dividends at this point, they are high capitalized.

09 Apr 20 (Thu)

02:28 pm



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