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Powell: Fed Expects Interest Rates To Rise 'Somewhat Further'
POWELL: FED EXPECTS INTEREST RATES TO RISE `SOMEWHAT FURTHER'
— zerohedge (@zerohedge) November 27, 2017
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Fed's Powell says central bank will weigh deregulation while keeping the 'core reforms' implemented over the years
— DailyFX Team Live (@DailyFXTeam) November 27, 2017
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Fed's Powell says he pledges to support the US economy's progress towards a 'full recovery'. Says he will be guided purely by Fed's mandate and public interests
— DailyFX Team Live (@DailyFXTeam) November 27, 2017
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Powell to testify Fed will continue to hike interest rates, shrink the balance sheet
Jerome Powell, President Donald Trump’s pick to run the Federal Reserve, said he will stay on the course laid out by his predecessor Janet Yellen and continue to raise interest rates while allowing its balance sheet to gradually shrink. “We expect interest rates to rise somewhat further and the size of our balance sheet to gradually shrink,” Powell said in his opening statement for his confirmation hearing set for Tuesday. The statement was released late Monday afternoon by the Federal Reserve. Powell said the Fed’s aim was to sustain a strong jobs market with inflation moving gradually up toward the central ... (full story)
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