• Fed's Powell: We will continue to use our tools to their fullest until crisis has passed and economic recovery is well under way

Notícias do Mercado

13 maio 2020

Fed's Powell: We will continue to use our tools to their fullest until crisis has passed and economic recovery is well under way

  • Additional policy measures may be needed to avoid lasting damage
  • Scope and speed of downturn "without modern precedent"
  • Outlook highly uncertain and downside risks significant
  • Policies will need to be ready to address a range of possible outcomes
  • Overall policy response to date has provided measure of relief and stability, and will provide some support to recovery when it comes
  • But coronavirus crisis raises longer-term concerns
  • Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with stronger recovery
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