Fed Chair Jerome Powell says current monetary policy stance ‘likely to remain appropriate’

tweet at 2:50pm: #Fed Powell: Material reassessment of outlook would spur policy change #Forex #Trading tweet at 2:53pm: Fed Chair Powell: - Significant rise in inflation would be needed before hiking rates $SPX $DXY tweet at 2:53pm: Fed Chair Powell: - We expect bill purchases to continue into Q2 of next year $SPX $DXYPowell speech: No evidence that business investment will weaken further Following the Federal Open Market Committee's (FOMC) decision to lower the federal funds target rate by 25 basis points to 1.5% - 1.75% range, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press, with key quotes, via Reuters, found below. "The Fed does not see any evidence that business investment will weaken further." "The Fed now sees the effects of more accommodative monetary policy more clearly." "The Fed's monetary policy framework review will be done every few years." "It seems like there are the makings of a US-China trade deal." "It is likely that the General Motors strike is likely to have subtracted a couple of tenths off GDP this quarter, but will rebound."

Following the Federal Open Market Committee's (FOMC) decision to lower the federal funds target rate by 25 basis points to 1.5% - 1.75% range, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is delivering his remarks on the policy outlook, with key quotes, via Reuters, found below. "The Fed is mindful that continued below-target inflation could lead to a slide in expectations." "Weakness in global growth and trade pose ongoing risks." "The Fed's policy adjustments made today will continue to provide significant support to the economy." "The current stance of monetary policy as likely to remain appropriate." tweet at 2:35pm: *POWELL: WE WOULD RESPOND IF OUTLOOK MATERIALLY CHANGES tweet at 2:36pm: Fed’s Powell: Mindful Continue Below Target Infl. Could Cause Slide In Expectations - Weakness In Global Growth, Trade Pose Ongoing Risks tweet at 2:38pm: Fed’s Powell: Risks To Economic Outlook Seem To Have Moved In A 'Positive Direction’Powell speech: Fed is not thinking about raising interest rates right now Following the Federal Open Market Committee's (FOMC) decision to lower the federal funds target rate by 25 basis points to 1.5% - 1.75% range, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press, with key quotes, via Reuters, found below. "We do not see any danger of inflation moving up significantly." "Inflation seems to be settling in below 2%." "The Fed is not thinking about raising interest rates right now." "The current stance of monetary policy will be appropriate as long as the outlook is in keeping with the Fed's expectations."