Fed's Powell Says Treasury Purchases May Remain Elevated
Federal Reserve Chair Jerome Powell says the Fed's Treasury purchases may remain elevated for a few months at a news conference in Washington, DC after the central bank's policy-setting Federal...
By Bloomberg Markets · Bloomberg Markets
Federal Reserve Chair Jerome Powell says the Fed's Treasury purchases may remain elevated for a few months at a news conference in Washington, DC after the central bank's policy-setting Federal Open Market Committee delivered a third consecutive interest-rate reduction, lowering the benchmark federal funds rate to a range of 3.5%-3.75%. (Source: Bloomberg)