US DOLLAR & LATEST FED OFFICIAL COMMENTARY:A litany of Federal Reserve members spoke at this time, notably Chair Powell and N
US DOLLAR & LATEST FED OFFICIAL COMMENTARY:
- A litany of Federal Reserve members spoke at this time, notably Chair Powell and New York Fed President Williams
- Repo market points have been a main situation mentioned throughout audio system together with ongoing commerce uncertainty and unsustainable progress of home debt
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FED CHAIR POWELL
Federal Reserve Chair Powell testified on Capital Hill earlier than the Home Funds Committee at this time, following testimony yesterday earlier than the Senate’s Joint Financial Committee. Chair Powell’s ready remarks remained largely the identical between the 2 Congressional committees. In these remarks Powell said the identical key phrase used throughout the October Fed meeting press convention {that a} ‘materials reassessment’ to the outlook is required for a shift to the outlook on charges going ahead.
Following Powell’s ready remarks lawmakers questioned Powell on numerous matters, however prime points gyrated round commerce tensions with China and the rising US debt pile. As extra focus turns to…