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Jerome Powell on the Pandemic Year: Tools to Avoid a Meltdown and Save Livelihoods
In late February 2020, I attended an overseas meeting of the G-20 nations’ finance ministers and central bank governors. At the time, the U.S. was enjoying its longest economic expansion on record, and though my Fed colleagues and I had been monitoring Covid-19, we did not yet see it as likely to have a major impact at home. But that weekend, it became clear that the virus was spreading quickly—and widely. I left with the conviction that its effect would not be confined to faraway lands, as I had thought, but would reach every part of the globe. One week later, the Fed held an emergency policy meeting with one ... (full story)
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Fed Chair Powell in WSJ Op-Ed:
— DailyFX Team Live (@DailyFXTeam) March 19, 2021
- Economic outlook is brightening, especially with the arrival of vaccines
- The recovery is still far from complete
- The Fed will continue to provide the economy with the support that it needs for as long as it takes#Fed $USD
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FED'S POWELL: RECOVERY IS FAR FROM COMPLETE, SO AT THE FED WE WILL CONTINUE TO PROVIDE THE ECONOMY WITH THE SUPPORT THAT IT NEEDS FOR AS LONG AS IT TAKES || I TRULY BELIEVE THAT WE WILL EMERGE FROM THIS CRISIS STRONGER AND BETTER, AS WE HAVE DONE SO OFTEN BEFORE - WSJ
— First Squawk (@FirstSquawk) March 19, 2021