• Powell: Government Shutdowns Typically Don't Have Singificant Effects on Economy

Market news

11 January 2019

Powell: Government Shutdowns Typically Don't Have Singificant Effects on Economy

  • Would Not Be Appropriate to Turn Down Invitation From White House

  • Financial Market Turbulence Seems Rooted in Concerns Over Trade, Global Growth

  • Underlying Economic Data Does Not Point to Slowdown

  • We Can Flexibly and Quickly Move Policy if Necessary

  • We'll Take into Account Tightening Financial Conditions in Forecasts

  • Will Try to Have Monetary Policy Offset Economic Weakness Before it Happens

  • An Extended Government Shutdown Could Show Up in Economic Data

  • Would Have Less Clear Picture of Economy if Shutdown Lasts

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