Confucius: the man who broke the mountain was the same man who started ...
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Powell: "prepared to use our full range of tools" to achieve Fed's goals
Fed's Powell says "we are prepared to use our full range of tools” to achieve Fed’s goals.
— Michael S. Derby (@michaelsderby) March 15, 2020
Added at 6:42pm
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LIVE: Powell says "we expect that the illness" and the shutdowns in response to it "will have a significant effect in economic activity in the near term."
— Bloomberg (@business) March 15, 2020
He adds that the energy sector has come under stress https://t.co/LusbL5qOzy pic.twitter.com/FljrHoMo0v
Added at 6:42pm
Added at 6:44pm
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Powell on negative interest rates:
— Dimitri Zabelin (@ZabelinDimitri) March 15, 2020
- Year-long study found asset purchases and forward guidance as a basic element of toolkit once FFR edges closer to zero. Do not see negative policy as an appropriate policy here in the US
Added at 6:51pm