Fed’s Powell: Future policy path likely to involve continued support for accommodative policy for quite some time

Federal Reserve Board governor Jerome Powell is speaking on ‘International Financial Regulatory Reform’ in New York. he is speaking from a text and will not be taking questions.

Also:

  • Expects low US inflation to return gradually to 2% goal as Fed makes progress in reducing unemployment
  • US Federal budget on unsustainable path unless steps taken to tackcle rising healthcare costs

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