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NewsBreak: Fed Ready to 'Act as Appropriate' to Support Economy

Published 09/06/2019, 12:59 PM
Updated 09/06/2019, 08:44 PM
© Reuters.

Investing.com – Federal Reserve Chairman Jerome Powell downplayed expectations for a recession in the U.S., but reiterated that the central bank would continue to “act as appropriate” to support the expansion.

Key Points

  • "Recession is not a likely outcome for the U.S. or the global economy," Powell said. He saw the most likely case was for the United States to continue to see moderate growth.

  • Businesses want certainty that their supply chain is secure as lack of visibility on trade policies is causing some companies to hold back on investment, he said.

  • Powell said he was committed to defending the Fed's 2% inflation target to avoid prolonged slowing in price pressures.

Powell's comments came ahead of the Federal Reserve's two-day meeting on Sept. 17-18.

Latest comments

Lame duck Fed
comache chief scared to say no rate cut and debt is rising
The Fed, Trump and China have been the biggest market manipulators. They make me frustrated gold loses yesterday $40 today it gains $20 before lunch then loses $20 again. Who ever is making money switching positions within a second is one powerful trader/investor with a lot of capital with friends like him that make money of this. They making me feel like an ant in the market which I am lol
Diversification is the secret
Why can't the most dynamic global economy (which holds all the others on it's shoulders) cut rates while broke Europe has negative interest rates?? Not trolling... just honestly curious.
Remember the key thing in his whole speech. He thinks which means he can be drastically wrong. But until we see the September PMI I'm holding my gold positions
what a joke committed to the fed's 2% inflation Target. The FED has more of a chance of turning themselves into a pink elephant. Hahaha
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