Market news
16.06.2020, 14:36

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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