20210224: All about policy
It truly is a busy week for policymakers around the world. Jerome Powell, chair of the Federal Open Market Committee, spoke to the Senate Banking Committee yesterday (he is expected to continue today). In his remarks he continued emphasise the Fed’s dovish position in particular highlighting that the FOMC are unlikely to start raising interest rates until the US economy reaches full employment (with current employment 10 million people lower than a year ago), See omnystudio.com/listener for privacy information.