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  • Fed's Chair Powell reiterates promise to keep rates near zero until full employment and inflation rises to 2% and is on track to moderate exceed 2% for some time
Market news
23.02.2021, 15:19

Fed's Chair Powell reiterates promise to keep rates near zero until full employment and inflation rises to 2% and is on track to moderate exceed 2% for some time

  • We are strongly committed to achieving monetary policy goals that Congress has given us: maximum employment and price stability
  • Economic recovery remains uneven and far from complete, and path ahead is highly uncertain
  • Economic momentum has slowed substantially after summer rebound
  • Fed will not tighten monetary policy solely in response to a strong labor market
  • Fed will clearly communicate "well in advance" of any change to bond buying pace
  • It will likely take some time for substantial further progress to be achieved
  • Economy is a long way from employment and inflation goals
  • We are committed to using our full range of tools to support economy and to help ensure that recovery from this difficult period will be as robust as possible

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