FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 25 basis points to the range of 4.75-5% following the March policy meeting.<\/p>\n\n\n\n
Key Quotes<\/strong><\/p>\n\n\n\n “We have the tools to protect depositors when there is the threat to economy, and are prepared to use them.”<\/p>\n\n\n\n “Depositors should assume their deposits are safe.”<\/p>\n\n\n\n “Takeover of credit suisse seems to have been a positive outcome.”<\/p>\n\n\n\n “Unemployment rate estimate for this year is a highly uncertain estimate.”<\/p>\n\n\n\n “Recessions tend to be nonlinear so very hard to model.”<\/p>\n\n\n\n “We are very focused on getting inflation down.”<\/p>\n\n\n\n “Too early to say if recent effects change odds of soft landing.”<\/p>\n\n\n\n “There is still a pathway to a soft landing, trying to find it.”<\/p>\n","protected":false},"excerpt":{"rendered":" FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 25 basis points to the range of 4.75-5% following the March policy meeting. Key Quotes “We have the tools to protect depositors when there is the threat to economy, and are prepared to use them.” …<\/p>\n","protected":false},"author":13,"featured_media":81885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6868,8143,7163],"class_list":["post-81881","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-fomc","tag-interest-rate-hikes","tag-jerome-powell"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=81881"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81881\/revisions"}],"predecessor-version":[{"id":81886,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81881\/revisions\/81886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81885"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=81881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=81881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=81881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}