Technical Analysis

Powell was asked: ‘Have you stopped raising rates?’ Answer: ‘Good question … ‘

Federal Reserve Chairman Jerome Powell appeared on the US TV show ’60 Minutes’ on Sunday

Adam had the coverage here at ForexLive

But … if you are after the full transcript of his interview, its here.

SCOTT PELLEY: Have you stopped raising rates?

FED CHAIR JEROME
POWELL: Well, that’s a good question. We see the economy as in a good
place. We think that the outlook is a favorable one. Inflation is muted
and our policy rate we think is in an appropriate place. So what we’ve
said is that we would be patient as we watch to see how global economic
conditions evolve and how our own economy evolves.

Worth a read while we await … well, MOAR Brexit headlines I guess :-D 

ForexLive

Articles You May Like

European stock indices and lower but well off low extremes
AUD/USD extends decline as risk sentiment grows weaker
Ford to cut 7000 salaried jobs
(LIVE TRADING) Small Account Forex Trading – So Darn Easy Forex™
ForexLive European morning FX news wrap: Yen gains as market remains cautious

Leave a Reply

Your email address will not be published. Required fields are marked *