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More comments are crossing the wires from the US Fed Chairman Powell, with the key headlines found below.

“Is of less interest” to him if Fed’s asset purchase program is labeled QE or not.

Fed is not seeking authority to buy securities other than treasuries and MBS.

There is no weekly or monthly cap on asset purchases.

The Fed is going to “go in strong” on asset purchases.

Fed is willing to be patient in assessing when to raise rates back from near zero.

He has no reason to be tested for coronavirus.

He does expect to do some teleworking himself.

Fed has plenty of space to adjust its liquidity, forward guidance, asset purchase policies.

Fed has not requested any further tools from congress.

The Fed has not done a summary of economic projections this time.

Economic outlook is heavily dependent on spread of virus and actions taken to mitigate it.

It is hard to say what will happen in Q3 and Q4.

  • US dollar drops as Fed cuts rates to zero in emergency meeting
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