Risk of downturn not heightened following rate decision, Powell says
Federal Reserve Chair Jerome Powell does not see the risk of an economic downturn being “elevated” following the super-sized cut.
“I don’t see anything in the economy right now that suggests that the likelihood of a recession, sorry, of a downturn, is elevated,” he said.
“I don’t see that,” he continued. “You see growth at a solid rate. You see inflation coming down. You see a labor market that’s still at very solid levels. So, I don’t really see that now.”
— Sean Conlon
‘We are not going back’ to world of ultra-low interest rates
Federal Reserve Chair Jerome Powell does not expect the era of cheap money to return.
“Intuitively, most — many, many people anyway — would say we are probably not going back to that era where there were trillions of dollars of sovereign bonds trading at negative rates, long-term bonds…
