Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Economy needs 'powerful support' for now -Fed's Powell

06/16/2021 | 04:06pm EDT

Powell did add, however, that elevated inflation readings mean it is time for the Fed to start considering when the removal of extra support will be warranted.

The Federal Reserve held its key lending rate near zero and will continue to purchase bonds in order to keep real interest rates low enough to spur further economic growth, Powell said after a two-day policy meeting.


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.33% 0.7359 Delayed Quote.-4.24%
BRITISH POUND / US DOLLAR (GBP/USD) 0.45% 1.38876 Delayed Quote.0.60%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.31% 0.79477 Delayed Quote.1.32%
EURO / US DOLLAR (EUR/USD) 0.27% 1.1835 Delayed Quote.-3.62%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.23% 0.013423 Delayed Quote.-1.87%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.61% 0.69565 Delayed Quote.-2.74%
Latest news "Economy & Forex"
01:44pDeutsche Boerse Q2 net profit boosted by M&A growth
RE
01:42pOil prices ease as virus spread counters tight supplies
RE
01:39pCanadian union members strike against Bombardier, De Havilland
RE
01:23pAnt-backed Hello Inc says goodbye to U.S. IPO plans
RE
01:22pRising supply costs dull upbeat quarterly show by industrial giant 3M
RE
01:19p"IT'S TERRIBLE" : after frosts, Champagne vineyards hit by fungus
RE
01:18pVolkswagen in talks over $3 billion deal for Europcar
RE
01:18pVolkswagen in talks over $3 billion deal for Europcar
RE
01:17pBlast in German industrial park kills one, four others missing
RE
01:17pMorrisons stakeholder Silchester not inclined to support Fortress takeover
RE
Latest news "Economy & Forex"