Powell suggests the Fed may lack ammo to combat next recession

IMG Auteur
 
Published : February 12th, 2020
111 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

Bloomberg/Rick Miller and Craig Torres/2-12-2020

“The remark, which came in opening testimony that Powell is due to repeat to a Senate panel on Wednesday, was an unusual appeal by the head of a politically independent institution that is used to combating economic contractions on its own.”

USAGOLD note: Unusual perhaps in the United States, but not so unusual elsewhere like in Europe and Japan where the heads of both central banks have appealed to the political sector for fiscal help in the recent past. ‘Tis a sign of the times . . . . . . and the policy bind presented by zero/near zero percent interest rates. (There’s always helicopter money.)

Read the rest of the article at USA Gold
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.