In his semiannual testimony, he noted that the Fed is watching the state of affairs closely and is prepared to adapt policy if warranted.
The U.S. economy remains strong, but dangers are brewing ahead, Federal Reserve Chairman Jerome Powell told a Senate committee Tuesday.
China and Europe are particular areas of concern, and the Fed also is watching how Brexit negotiations and trade talks play out.The Fed has been caught in a market crossfire over the past several months, triggered by worries that it was on a set policy path and would continue tightening even if conditions weakened. More recently, though, officials have been conveying
The Fed's balance sheet, comprised mostly of Treasurys and mortgage-backed securities it bought in an effort to lower long-term interest rates and stimulate growth, swelled to $4.5 trillion but is now down to about $4 trillion due to the reduction process. Up to $50 billion a month in proceeds is being allowed to roll off, with the rest being reinvested.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Live blog of Powell testimony before Senate panelFollow along as MarketWatch’s Greg Robb and Steve Goldstein live blog the testimony of Federal Reserve Chairman Jerome Powell before the Senate Banking Committee.
और पढो »
Cnbc @CNBCLIVE: Fed Chair Powell testifies before Congress on the state of the economy and monetary policy.
और पढो »
Fed Chair Powell to Congress: The economy is healthy, for nowThe Fed predicts that the U.S. economy grew just shy of 3 percent last year, the fastest annual pace in more than a decade, but slower than President Trump’s goal.
और पढो »
Next week will be pivotal for markets with trade deadline, Powell, Trump-Kim, Mueller and moreThe coming week could be one of the most pivotal for the Trump White House and the markets, depending on how President Donald Trump chooses to proceed with China tariffs and what is in a possible report from special Counsel Robert Mueller.
और पढो »
Live blog and video of Powell testimony before Senate panelFollow along as MarketWatch’s Greg Robb and Steve Goldstein live blog the testimony of Federal Reserve Chairman Jerome Powell before the Senate Banking Committee.
और पढो »
Powell says economy is healthy but sending 'conflicting signals'
और पढो »
Fed Chairman Heads to Capitol, Faces Questions on Slowing Economy, Trump CriticismWhen Jerome Powell heads to Capitol Hill for two days of hearings, he will face an economic and political backdrop greatly changed from when he gave his congressional testimony in July.
और पढो »
Fed Chairman Powell talked to lawmakers at four times the rate Janet Yellen did in her first yearThe Fed could use a few friends in Washington. The central bank has entered the Trump crosshair, and Powell's job has been in jeopardy.
और पढो »