“This low interest rate environment may limit the ability of central banks to reduce policy interest rates enough to support the economy during a downturn<" said Federal Reserve Chairman Jerome Powell in the first part of his Monetary Policy Report.
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Banking Committee Votes Aye on Clarida Nom
The nominations of Richard Clarida for Vice-Chairman of the Fed and Michelle Bowman for Member of the Board of Governors of the Fed is now headed for a Senate vote. Click through for the details.
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