Powell speech: Patience stance on policy is still warranted

Eren Sengezer FXStreet

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is delivering his remarks on the monetary policy outlook with key quotes found below.

"Patient stance on policy is still warranted."

"Risks abroad have eased slightly. Chinese and European data have shown some improvement."

"The U.S. economy is supported by solid fundamentals. A healthy GDP growth is expected for the rest of 2019."

"Job growth has been stronger than expected, inflation has been somewhat weaker."

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Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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