Powell speech: Economy can withstand monetary policy moves
|Europen Central Bank (ECB) President Christine Lagarde, FOMC Chairman Jerome Powell and Bank of England (BOE) Governor Andrew Bailey speak on the policy outlook at the ECB's annual Forum on Central Banking.
Key quotes
Powell: "Households are overall in a strong state, the same is true for businesses."
Powell: "The labour market is tremendously strong."
Powell: "The economy can withstand monetary policy moves."
Powell: "Our aim is to have growth moderate."
Powell: "There are pathways to go back to 2% inflation with a strong labour market; no guarantee."
Powell: "Events of the last few months made the Fed's job more challenging."
Powell: "The pathway has gotten narrower."
Market reaction
The EUR/USD pair struggles to gain traction and was last seen posting small daily losses at 1.0508.
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.