Fed's Powell says economy is fine but Fed ready to act as needed | Metals Mine

  • Fed's Powell says economy is fine but Fed ready to act as needed

    From reuters.com

    Federal Reserve Chair Jerome Powell on Friday said the central bank will “act as appropriate” to support the economy in the face of risks posed by the coronavirus outbreak, though he said the economy remains in solid condition. “The fundamentals of the U.S. economy remain strong,” Powell said in a statement released amid an ongoing sell-off in global stock markets. “However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.” ... (full story)

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Hurst
Mar 1, 2020 8:51am
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Fed's Powell says economy is fine but Fed ready to act as needed. Why do they need to act if every thing is fine. The economy is not the stock market. The Fed are just making things a whole lot worse, every small correction has them running about like chickens. Corrections are good for the market, it allows them to run off the excess and over priced stocks. Companies are over valued, they need to be bought down to earth, not propped up like puppets.

The Fed need to stimulate at the bottom of a market not the start of a correction, in this way they could shorten the cycle of a recession. Getting involved now is shooting you bullets far to early, when things get really grim they got nothing left.
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ettrader
Feb 29, 2020 12:39pm
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he's a bit late the market has crashed already good luck on them being able to stop a Tsunami it'll be a world first
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awoof
Feb 29, 2020 6:50am
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Double Speak
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