Powell opening statement continues, repeats.....>

FED: Powell opening statement continues, repeats Fed "committed to use the full

range of tools to support the economy". 

- Notes inflation fallen well below symmetric 2% objective; but indicators of

longer term inflation have been steady.

- Repeats language in statement re increasing holdings of Tsys and MBS "at least

at current pace".

- Says re 13(3) programs: will use "forcefully, proactively and aggressively

until we're confident we're solidly on the road to recovery". Lending powers,

not spending powers; will put back in the toolbox once the crisis has passed.

- FOMC discussed explicit fwd guidance and "reviewed the historical and foreign

experience with targeting interest rates along the yield curve". Whether would

be useful "an open question", will discuss in coming meetings