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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessFed Chair Jerome Powell in a speech at the......>
FED: Fed Chair Jerome Powell in a speech at the Peterson Institute for
International Economics. Highlights:
*Powell urges Congress to consider more fiscal aid to support the economy.
Powell says additional fiscal support is needed for a strong recovery and to
avoid scarring. Otherwise the result could be an extended period of low
productivity growth, stagnant incomes, and low growth.
* Powell makes no mention of negatives rates.
* Says the Fed "will continue to use our tools to their fullest until the crisis
is well under way."
* "The path ahead is both highly uncertain and subject to significant downside
risks."
* Powell says Covid-19 has left a "devastating human and economic toll in its
wake" and the scope and speed of this downturn are "significantly worse than any
recession since World War II."
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.