FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell arrives to speak to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus, in Washington, U.S., March 3, 2020. REUTERS/Kevin Lamarque/File Photo
“The economy can have very low unemployment, very low unemployment” without sparking inflation or financial imbalances, Powell said in a news conference following a policy-setting meeting where the central bank signaled it would keep interest rates near zero for years to come. “I want to acknowledge the tragic events that have again put a spotlight on the pain of racial injustice in this country,” Powell said, adding that there is “no place” for racism in the United States. “Everyone deserves the opportunity to participate fully in our society and in our economy.”
When Powell using the word ‘inequality’ rich folks start making plans for their ‘preparedness bunkers,’
The only sane and competent man Trump has ever appointed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What to watch today: Stocks set for higher open ahead of Fed statement, Powell news conferenceStock futures are higher ahead of the Fed's post-meeting policy statement and Chairman Jerome Powell's afternoon news conference.
Source: CNBC - 🏆 12. / 72 Read more »
Fed's Powell walks tightrope as economy faces new uncertaintyFederal Reserve Chair Jerome Powell will face a test of economic leadership this week even though the central bank won’t be making any changes to interest rates Jared could do that job. Ivanka could help. Professor Clementi reveals how coronavirus today is a hundred times weaker than March. Massimo Clementi is a full Professor of Microbiology and Virology, University Vita-Salute San Raffaele, Milan, Italy. It's an absolutely macroscopic difference. This the bank in Braavos, right?
Source: politico - 🏆 381. / 59 Read more »
Fed Officials Project No Rate Increases Through 2022Federal Reserve officials projected no plans to raise interest rates through 2022 and said they were committed to providing more support to the economy following shutdowns to contain the coronavirus. Because the economy is ROARING!! Follow TheNAJournal for non-partisan journalism. No bias... just the news. Not the mainstream media. cool, I guess?
Source: WSJ - 🏆 98. / 63 Read more »
Wall Street is off to a mixed start ahead of Fed statementU.S. stock indexes are mixed in early trading Wednesday ahead of an afternoon interest rate and economic policy update from the Federal Reserve.
Source: latimes - 🏆 11. / 82 Read more »