October 7, 2020
Jerome Powell, Chairman of the Federal Reserve System, is responding to questions at the National Association for Business Economics' 62nd Annual Meeting.
Key quotes
"If recovery is slower, rates will be at lower bound for longer; guidance is outcome-based, not time-based."
"Lots of people will benefit from low rates; low unemployment before the crisis had great societal benefits."
"Negative interest rates are not a tool we see as something we are looking to use."
This article originally appeared on FX Street.
