Fed Chief Jerome Powers Interview

Discussion in 'News, Current Events, and Politics' started by Pragmatist, May 17, 2020.

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  1. Pragmatist

    Pragmatist Master Survivalist
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    https://www.cbsnews.com/news/jerome...s-coronavirus-pandemic-60-minutes-2020-05-17/


    Good morning all,

    The Fed chief discusses the economy as per COVID-19.

    Note emphasis re "medical metrics" / "social distancing measures".

    Note: "keeping people and businesses out of insolvency just for maybe three or six more months while the health authorities do what they can do to buy time with that".

    I believe the Fed sets SHORT TERM interest rates.

    ......

    " ... just wouldn't want to bet against the American economy."
     
    TMT Tactical likes this.
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