Fed's Powell says no immediate policy responses needed to economy – Reuters


Reuters reported that the Federal Reserve Chair Jerome Powell said the Fed doesn’t see problems in the U.S. economy that warrant an immediate change in its policy and it will be careful not to shock financial markets as it stabilizes its bond portfolio.

As per the news report, the Fed Chair appeared for a speech at the Stanford University during late-Friday and said, “With nothing in the outlook demanding an immediate policy response and particularly given muted inflation pressures, the committee has adopted a patient, wait-and-see approach.”

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