Following the Federal Open Market Committee’s (FOMC) shock decision to lower the federal funds by 50 basis points to 1%-1.25%, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is discussing this decision in a press conference. Key quotes “Fed will act as appropriate to support the economy.” “What changed in last week is have seen the fast spread of disease and saw risk to the economy.” “Unclear how long this will last, but expects return to solid growth.” “We are in active discussions with other central banks.” About Jerome Powell (via Federalreserve.gov) Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Powell speech: We have not looked at other policy measures yet FX Street 3 years Following the Federal Open Market Committee's (FOMC) shock decision to lower the federal funds by 50 basis points to 1%-1.25%, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is discussing this decision in a press conference. Key quotes "Fed will act as appropriate to support the economy." "What changed in last week is have seen the fast spread of disease and saw risk to the economy." "Unclear how long this will last, but expects return to solid growth." "We are in active discussions with other central banks." About Jerome Powell (via Federalreserve.gov) Jerome H. Powell took… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
