Home Fed’s Powell: Monetary policy not ideal tool to address financial instabilities

Fed’s Powell: Monetary policy not ideal tool to address financial instabilities

Updated: 28 Nov. 2018 | 19:02

Following his introductory speech, FOMC Chairman Jerome Powell is now responding to questions at the Economic Club of New York luncheon.

Key quotes (via Reuters)

Monetary policy not ideal tool to address financial instabilities.
Vulnerabilities are not elevated in financial system today.
I don’t know what event might set off next economic downturn.

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