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Jerome Powell Sees Easy-Money Policies Staying in Place – The Wall Street Journal

Fed likely to hold interest rates near zero and continue asset purchases for some time, chairman says

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WASHINGTONFederal Reserve Chairman Jerome Powell reaffirmed the central banks commitment to maintaining easy-money policies until the economy has recovered further from the effects of the coronavirus pandemic.
The economy is a long way from our employment and inflation goals, Mr. Powell said in testimony to the Senate Banking Committee, a statement he has repeated in recent weeks. The Fed will therefore continue to support the economy with near-zero interest rates and large-scale asset purchases…

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