“We remain committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy,”
Powell’s summation of the “marked improvement” in the economic landscape largely repeated what he said last week after the Fed’s latest policy meeting, at which policymakers promised to keep interest rates pinned at zero until the economy reaches full employment and inflation is on track to modestly overshoot the central bank’s 2% target.
This means more free Helicopter QE Stimulus money for Wall Street Markets thru Asset Purchases of ETF/Corporate (Junk) Bonds. This just Increases Govt Debt and Deficit. Global Asset Mgr's say Japan tried this for years. It Didn't help their Economic growth just Debt balance sheet
So negative interest? Loaning you’re zombie corporations? Buying their bad debt? Same old tune, same result. Try doing for the consumer instead. Do something so older people can go ahead and retire. Or young people can get out of school debt. Start some public works programs.
This guy has said this 100 times. We know. Who cares?
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