Browsing Tag:Powell

powell-says-its-highly-unlikely-the-fed-will-raise-rates-this-year-despite-stronger-economy
Federal Reserve Chairman Jerome PowellKevin Lamarque | ReutersDespite its rapidly recovering economy, Fed chairman Jerome Powell reiterated the central bank's commitment on Sunday to keep monetary policy loose.That includes a near-sure statement that interest rates are going nowhere as inflation remains tame and millions of Americans continue to need help as the nation rebuilds from the damage caused...
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cryptocurrencies-are-not-useful-stores-of-value-says-feds-powell
Federal Reserve Chairman Jerome Powell holds a press conference following the two-day meeting of the Federal Reserve's Federal Open Market Committee on July 31, 2019 in Washington.Sarah Silbiger | ReutersFederal Reserve Chairman Jerome Powell said Monday that cryptocurrencies remain an unstable store of value and the central bank is in no hurry to introduce a competitor."They are very...
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