Jay Powell testifies before the House Financial Services Committee tomorrow morning. The prepared text has already been released.
federalreserve.gov/newsevents/tes…
(1/3)
federalreserve.gov/newsevents/tes…
(1/3)
The passage that caught my eye:
The tools that the Federal Reserve is using under its 13(3) authority are for times of emergency, such as the ones we have been living through. When economic and financial conditions improve, we will put these tools back in the
toolbox.
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The tools that the Federal Reserve is using under its 13(3) authority are for times of emergency, such as the ones we have been living through. When economic and financial conditions improve, we will put these tools back in the
toolbox.
(2/3)
Bernanke essentially said the same 12 years ago about QE. They never stopped it and are now doing it in record sizes.
If the Fed does exit, will a 5% to 10% correction get them back in?
The only way the Fed get out for good is the market rejects it (read: inflation).
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If the Fed does exit, will a 5% to 10% correction get them back in?
The only way the Fed get out for good is the market rejects it (read: inflation).
(3/3)
