More from Chair Powell: There is reason for optimism for 2H if we control virus

Author: Greg Michalowski | Category: Central Banks

Fed Powell testimony continues in the House of Representatives.

  • there is reason for optimism for 2H if we control virus
  • were not acting on forecast with regard to our policy
  • base cases for strong bounce back later this year
  • post pandemic economy will be a different economy
  • relative value of US dollar relatively stable for some years
  • Fed is time to think carefully about digital currency
  • haven't seen labor market scarring we were afraid of

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