Search ForexCrunch

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System,  is delivering his remarks on the monetary policy outlook, with key quotes  found below.

“The U.S. economy is supported by solid fundamentals, healthy GDP growth is expected for the rest of 2019.”

“Risks abroad have eased slightly. Chinese and European data have shown some improvement.”

“Patient stance on policy is still warranted.”

Related articles

FOMC keeps the target for fed funds rate unchanged in 2.25% – 2.5% range.

Following its 2-day meeting, the Federal Open Market Committee announced that it kept the benchmark interest rate unchanged at the target range of 2.25% – 2.5% in a widely expected decision.