“We’re not guessing, we’re not speculating and we’re not assuming” what the government’s future policy choices will be, Jerome Powell said
Its president Federal ReserveJerome Powell, said that for now, the central bank is not factoring into its policy choices the outcome of this week’s election.
“In the near future, elections will have no effect on our policy decisionsJerome Powell said at a news conference after a Fed meeting that led to an expected rate cut. “We don’t guess, speculate or assume» what the government’s policy options will be going forward, Jerome Powell said, as former President Donald Trump returns to office amid policies that are likely to widen deficits and push inflation higher.
And he added that “some of the downside risks to the economy have eased amid stronger economic data, including retail sales and revisions to National Income and Product Accounts (NIPA) data.
And overall, feeling good about economic activity, I think we will factor that into future policy decisions buts.”
Source: Skai
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