Published Date
Feb 16, 2021
BLOOMBERG:
The Magic of a Full-Employment Economy
Federal Reserve Chair Jerome Powell is nobody’s idea of a radical. But in his speech last week to the Economic Club of New York, he articulated an idea that upends generations of conventional wisdom and sets the stage not only for the Fed’s approach to the current economic crisis but also for President Joe Biden’s.
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Published Date
Feb 11, 2021
Published Date
Feb 11, 2021
MARKET WATCH:
The Nasdaq Composite COMP, -0.05% fell 0.3% to 13,973. Powell said he was committed getting Americans back to work, in remarks made to the Economic Club of New York. Shares of Coca-Cola Co. KO, 1.72% fell slightly after delivering earnings and revenue Wednesday morning that topped Wall Street expectations.
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Published Date
Feb 11, 2021
WALL STREET JOURNAL:
Fed’s Powell Signals Easy Money Policies to Remain in Place for a While
The Federal Reserve will continue bolstering the U.S. economy through low interest rates and hefty asset purchases, Chairman Jerome Powell said Wednesday, stressing that the labor market remains stunted by the pandemic.
The Fed is unlikely to “even think about withdrawing policy support” by raising rates or reducing its bond purchases for the foreseeable future, Mr. Powell said at a virtual appearance before the Economic Club of New York
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