- Fed's Chair Powell: We appear to be in the beginning of the bounce stage
Market news
16 June 2020
Fed's Chair Powell: We appear to be in the beginning of the bounce stage
- This morning's retail sales number was more positive evidence
- Economic rebound will leave us 'well short' of January levels
- It's going to take time to rebuild confidence
- Tight job market is single best thing Fed can do to support gains of minority communities
- The Fed is highly motivated to get labor market back to where it was before pandemic
- I don't think the balance sheet currently presents any threat to inflation or financial stability
- Not concerned about Fed's plans for its balance sheet
- If state and local governments are in financial straits, it can really weigh on the economy
- Fed will slow corporate-bond buying program if market function improves
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