-
Powell speech: Central banks will have less ability to counter downturn by cutting rates
While speaking at a panel organized by the Swiss Institute of International Studies (SIAF), University of Zurich, Jerome Powell, Chairman of the Federal Reserve System, argued that central banks will have less ability to support economic in a downturn. "Lower rates and lower inflation is the biggest challenge for central banks in the new landscape," Powell noted. "Current implication is that central banks will have less ability to counter a downturn by cutting rates in future." The market reaction is fairly muted to Powell's remarks and the US Dollar Index was virtually flat on the day at 98.37.
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 6, 2019 1:13pm Sep 6, 2019 1:13pm
- forexsignalg
- | Commercial Member | Joined Feb 2018 | 118 Comments
- Comment #2
- Quote
- Sep 6, 2019 1:21pm Sep 6, 2019 1:21pm
- dokijoon
- | Joined Oct 2011 | Status: Scientist | 39 Comments
Rider of BIIIIG Moves!
- Comment #3
- Quote
- Sep 6, 2019 2:07pm Sep 6, 2019 2:07pm
- Goldorak06
- | Additional Username | Joined Jan 2018 | 290 Comments
- Comment #4
- Quote
- Sep 6, 2019 2:33pm Sep 6, 2019 2:33pm
- forexsignalg
- | Commercial Member | Joined Feb 2018 | 118 Comments
- Comment #5
- Quote
- Sep 6, 2019 10:33pm Sep 6, 2019 10:33pm
- spymez
- | Joined Jul 2009 | Status: Member | 17 Comments