June 19, 2019

2019-06-19T18:48:03-04:00

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Federal Reserve Chair Jerome Powell announced that the federal funds rate would remain unchanged for the time being. He added that the Federal Open Market Committee would continue to monitor the economic indicators closely and make any corrective changes as warranted in its next meeting. Following this announcement he took several questions from reporters including one on his relationship with President Trump and how he would react if he were to be fired via a tweet. Chair Powell said that the law is clear on a four-year term and that he intends on serving it.

Federal Reserve Chair Jerome Powell announced that the federal funds rate would remain unchanged for the time being. He added that the… read more