The Fed 'is working hard to support you now,' Powell says in rare morning-television interview
Thursday, 26 March 2020 18:47 WIB | FISCAL & MONETARY |Federal Reserve

Federal Reserve Chairman Jerome Powell in a rare morning-television appearance Thursday, told Americans the central bank "is working hard to support you now."

The $2 trillion stimulus package passed by the Senate last night will provide immediate relief to workers affected by the shutdown of the economy, Powell said. The Fed's role will be to make sure the eventual recovery is as strong as possible, he added.

Powell said the U.S. economy may already be in a recession, but said he expected economic activity to resume in the second half of the year. He said the central bank would continue to aggressively use its emergency lending powers in all corners of the financial markets where credit is not flowing.

Source : Marketwatch

RELATED NEWS

ECB's Lagarde: Economic recovery will be a complicated matter
Friday, 26 June 2020 15:19 WIB

European Central Bank (ECB) President Christine Lagarde, while presenting at an Online Summit organised by the European Business Leaders' Convention, said that we probably have passed the lowest point of the crisis. Additional quotes: Still cautious because of the second wave of infections. Economi...

Bank of England Steps Up Virus Fight With Bond-Buying Boost
Thursday, 18 June 2020 18:35 WIB

The Bank of England intensified its response to the fallout from the coronavirus by expanding its bond-buying program, taking another step in the uphill battle to lift the economy out of the worst recession in centuries. Policy makers led by Governor Andrew Bailey voted 8-1 to b...

SNB Focuses on Franc Intervention With Rates Kept on Hold
Thursday, 18 June 2020 14:48 WIB

The Swiss National Bank said aggressive foreign exchange interventions remain its main tool for pushing back against the appreciation in the franc caused by the coronavirus pandemic. Keeping interest rates unchanged, SNB chief Thomas Jordan reiterated that the currency is '...

Fed Powell Beats Drum For More Government Aid To Bolster Economy
Thursday, 18 June 2020 03:26 WIB

The U.S. economy is beginning to recover from the worst of the coronavirus crisis, but with some 25 million Americans displaced from work and the pandemic ongoing, it will need more help, Federal Reserve Chair Jerome Powell told lawmakers on Wednesday. With the road back from recession likely to ta...

Fed Chair Powell Says Strong Job Market Can Reduce U.S. Racial Inequality
Tuesday, 16 June 2020 23:19 WIB

The best way the Federal Reserve can help reduce racial inequality is to return the U.S. labor market to its pre-coronavirus strength, U.S. Fed Chair Jerome Powell said on Tuesday, as he sidestepped questions over whether the Fed itself contributes to the problem. Anger over racism and inequality h...

ANOTHER NEWS
Gold Ticks Up on Concerns Over Increase in Virus Cases
Monday, 6 July 2020 14:27 WIB Gold climbed as investors sought haven assets amid the rise in coronavirus cases, with the World Health Organization reporting a one-day high in global infections over the weekend. U.S. virus cases increased 2%, more than the...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.