Fed's Powell: Less room for rates cuts in low rate environment
|Fed's Powell is testifying again today at the House Budget Committee and here are some of his key comments listed below:
The Fed moves in repo market have no effect on the economy. He also said the Fed sees less room for rates cuts in the low rate environment.
Investment in infrastructure could be very helpful for the US economy and well-financed infrastructure can contribute to increasing productivity in the US economy.
The Fed is doing a lot of forensic work to understand liquidity issues in repo market .
He also said there is nothing in the economy that is booming this is a sustainable picture.
The October monthly jobs was "very solid",
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.