Capstone Online CFD Trading:The Fed's No. 2 and No. 3 figures echo Powell's statement, suggesting that they are willing to keep interest rates unchanged!

 

2019-12-16 12:15      from:CAPSTONE    author:Jack

Capstone Online CFD Trading:Two senior Federal Reserve policy makers said on Friday that the US economy is performing well and is expected to maintain that momentum next year, implying that they are content to keep interest rates unchanged.
 
"I think the economic situation is good." Clarida, vice chairman of the Federal Reserve, told Fox Business Channel that the consumer situation in the United States has never been better. "We have the strongest labor market in 50 years, we have low and stable inflation, we have solid growth, and the basic scenario forecast for the 2020 outlook is equally optimistic."

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Earlier in the day, New York Fed President Williams addressed students and faculty members at the Borough of Manhattan Community College in Manhattan, summarizing: "The economic performance is similar to what we have seen in decades."
 
The speeches of Williams and Clarida are exactly the same as those of Fed Chairman Powell, who announced the Fed's decision to stabilize interest rates in the 1.5% -1.75% range on Wednesday and hinted that borrowing costs would remain at this level for the foreseeable future .
 
From July to October, the Federal Reserve cut interest rates three times, which is a small cycle of policy easing.
 
Clarida said, "Any way to resolve this uncertainty, if it is a good deal, is obviously beneficial to the economic prospects." However, he added that trade is only one of many risks that the Fed will monitor. "This is obviously a negotiation; it looks like it's moving in a positive direction," Clarida said, "but ... we have been paying more attention to global development. This year the global economy has slowed and emerging markets have slowed. Inflationary pressures are sluggish. So this is not a factor we are only concerned with. "
 
Williams said he expects the US economy to grow at a rate of 2% per year in the next few years.
 
Fed officials are working to prevent inflation from falling too low, giving policymakers more room to adjust monetary policy. The current inflation rate is below the Fed's 2% target.


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