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Q&A Continues


Q: Did reopenings happen too soon?

  • A: The most central fact/driver of the path of the economy right now is
    the virus. In lockdown, when we got cases way down, you saw economy
    reopening. Now that cases have spiked again, data suggests a slower pace
    of growth at least for now. We don't know how deep or how long that will
    be. It's so important that it needed to be in our post meeting statement,
    it's fundamental.

What more accommodation can the Fed bring unless you cut rates into
negative territory? Or is it up to the fiscal authorities to rescue the
  • A: You're right, we're committed to using our full range of tools. We have
    ways to further support the economy, through credit/liquidity serviecs which
    are effectively unlimited, can adjust forward guidance, can adjust asset
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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