Comments from Powell at an event on alternative reference rates
- No comments on monetary policy or the outlook
"Libor may remain viable well past 2021 but we do not think that market participants can safely assume that it will. Users of Libor must now take into account the risk that it may not always be published," he said.
There is no Q&A afterwards.
The conference was in New York but he delivered the remarks via video. It is assumed he will be in Washington late today when Trump is expected to announce he will be the next Fed chair.
