• Latest
  • Trending
  • All
The central bank chief said the Fed’s recent actions will help provide capital to businesses that need it.

Powell on whether the Fed has enough firepower: ‘We’re not going to run out of ammunition’

March 26, 2020 13:07
Investors cautiously digest economic data

Investors cautiously digest economic data

September 27, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar looks unstoppable

September 26, 2023 07:00
Investors stay depressed after heavy losses

Investors stay depressed after heavy losses

September 25, 2023 07:00
Equity markets mostly depressed

Equity markets mostly depressed

September 22, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
Dollar lacks upside momentum due to lower Treasury yields

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
Stock markets directionless as Fed meeting looms

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
Dollar lacks upside momentum due to lower Treasury yields

Dollar under some pressure after the weekend

September 18, 2023 07:00
Economic data and ECB boost stock market rally

Economic data and ECB boost stock market rally

September 15, 2023 07:57
Dollar lacks upside momentum due to lower Treasury yields

USD hesitates below the 105.00 barrier

September 14, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

USD steady and resilient in anticipation of US CPI

September 13, 2023 07:15
Stock markets struggle for direction ahead of major events

Stock markets struggle for direction ahead of major events

September 12, 2023 07:19
  • Terms & Сonditions
  • Contact
Thursday, September 28, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investors cautiously digest economic data

    Investors cautiously digest economic data

    Investors stay depressed after heavy losses

    Investors stay depressed after heavy losses

    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investors cautiously digest economic data

    Investors cautiously digest economic data

    Investors stay depressed after heavy losses

    Investors stay depressed after heavy losses

    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Powell on whether the Fed has enough firepower: ‘We’re not going to run out of ammunition’

Powell on whether the Fed has enough firepower: ‘We’re not going to run out of ammunition’

The central bank chief said the Fed’s recent actions will help provide capital to businesses that need it.

by FWNews
March 26, 2020 13:07
in News
0
The central bank chief said the Fed’s recent actions will help provide capital to businesses that need it.

Federal Reserve Chairman Jerome Powell pledged Thursday that the central bank will keep using the tools it has to fight the economic slowdown brought on by the coronavirus crisis.

In an interview with NBC’s “TODAY,” the central bank chief said the recent initiatives the Fed has taken will help provide capital to businesses that need it and will be especially helpful once the virus is brought under control.

“When it comes to this lending, we’re not going to run out of ammunition, that doesn’t happen,” Powell told NBC’s Savannah Guthrie. “We still have policy room in other dimensions to support the economy.”

Over the past two weeks, the Fed has taken its benchmark rate to near-zero and initiated a slew of measures aimed at keeping credit flowing. The Fed also has joined the Treasury Department in programs that will provide funding to businesses of all sizes, and has begun buying corporate bonds and other assets where it has not been involved previously in order to free up frozen credit markets.

Powell said the Fed is aiming at “places where credit is not being offered where it should be offered.”

“We can step in and make that happen. That’s a very positive thing and appropriate thing in this highly unusual situation we’re in,” he said.

In addition to the other steps, the Fed has relaunched its asset-purchasing program, vowing to buy as many bonds as needed to keep markets and the economy functioning properly.

With the U.S. economy coming to a halt in an effort to stop the deadly virus from spreading, Powell emphasized that this is not a normal downturn brought on by a crisis in a particular part of the economy.

As President Donald Trump has pushed for a quick resumption of economic activity by Easter, Powell didn’t offer an opinion on when he thinks that would be appropriate.

“We’re not experts in pandemics over here. We don’t get to make that decision. I would say that we would tend to listen to the experts,” Powell said. “Dr. Fauci said the virus is going to set the timetable. That sounds right to me,” he added, referring to Dr. Anthony Fauci, a leader of the White House coronavirus task force.

Powell said growth had been strong otherwise, and he expects that to continue once the virus is brought under control.

“We’re trying to create a bridge from a very strong economy to another place of economic strength,” Powell said. “That’s what our lending does.”

Tags: Federal ReserveJerome Powell
Share2Tweet2
ADVERTISEMENT
FWNews

FWNews

Track the pulse of the market

Related Posts

Investors cautiously digest economic data
Fundamental analysis

Investors cautiously digest economic data

September 27, 2023 08:00
11
Investors stay depressed after heavy losses
Fundamental analysis

Investors stay depressed after heavy losses

September 25, 2023 07:00
12
Stock markets struggle for direction ahead of major events
Fundamental analysis

Stock markets struggle for direction ahead of major events

September 12, 2023 07:19
22
Stocks advance amid signs of a cooling US economy
Fundamental analysis

Stocks advance amid signs of a cooling US economy

August 30, 2023 05:14
18
Powell and China fuel stock market rally
Fundamental analysis

Powell and China fuel stock market rally

August 28, 2023 05:37
15
Stocks enjoy Nvidia-inspired rally
Fundamental analysis

Stocks enjoy Nvidia-inspired rally

August 24, 2023 06:47
18

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Dollar lacks upside momentum due to lower Treasury yields

Greenback stays resilient as Fed meeting looms

September 20, 2022 05:49
19
Dollar lacks upside momentum due to lower Treasury yields

Dollar demand remains subdued

August 29, 2023 04:26
17
Dollar lacks upside momentum due to lower Treasury yields

Currencies stuck in tight ranges

December 2, 2021 03:38
10

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
124
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2022 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2022 FWNews