Fed's Chair Powell: Likely to need QE, forward guidance in a downturn

Market news

12 February 2020

Fed's Chair Powell: Likely to need QE, forward guidance in a downturn

The biggest issue of the federal budget is healthcare spending
U.S. spending on healthcare very high for returns
Likely to need QE, forward guidance in a downturn
If needed, will use tools 'aggressively'
He would be concerned about the level of U.S. debt
Need federal debt growth to be slower than GDP growth
Housing sector during better but affordability and issue
Uncertainty around trade has declined
Less uncertainty may mean upside for investment

EIA’s report reveals a much-bigger-than-expected increase in U.S. crude oil inventories

U.S.: Crude Oil Inventories, February 7.459 (forecast 2.987)

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