Powell explains latest change in Fed speak after another quarter-point hike
With the banking crisis hitting the markets, the Federal Reserve's monetary policy might have less work to do, according to U.S. central bank Chair Jerome, who leaned more dovish during his press conference.
The biggest change in the Fed's language after the Silicon Valley Bank fallout was a shift from expectations of "ongoing rate increases" to "some additional policy firming" may be needed.
"We no longer state that ongoing rate increases will be needed to quell inflation. Instead, we now anticipate that some additional policy firming may be appropriate," Powell told reporters Wednesday.
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Видео Powell explains latest change in Fed speak after another quarter-point hike канала Kitco NEWS
The biggest change in the Fed's language after the Silicon Valley Bank fallout was a shift from expectations of "ongoing rate increases" to "some additional policy firming" may be needed.
"We no longer state that ongoing rate increases will be needed to quell inflation. Instead, we now anticipate that some additional policy firming may be appropriate," Powell told reporters Wednesday.
__________________________________________________________________
Kitco NEWS is a global news network based in Montreal, with bureaus in New York, Hong Kong, New Mexico, London and Vancouver. Since 2009, our journalists have helped investors make informed decisions through in-depth reporting, daily market updates, and interviews with key industry figures. We aim to accurately and impartially cover the economy, stock markets, commodities, cryptocurrencies, mining and metals.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео Powell explains latest change in Fed speak after another quarter-point hike канала Kitco NEWS
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