Powell’s gloomy outlook has investors predicting the Fed may make another big move soon
Posted on AllSides May 13th, 2020
From The Center
Fed Chairman Jerome Powell’s gloomy view of the economy has markets looking for more guidance on what the central bank will do next to help prop it back up.
Some strategists believe the Fed could announce a new quantitative easing program of a set size or pace before or at its June 9-10 meeting. Quantitative easing was first used by the Fed during the Great Recession and became known as QE.
Powell, in a webinar Wednesday, also knocked the idea of negative interest rates, which had been speculated about in...
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