FED’S POWELL: TOO SOON TO KNOW EFFECT OF WUHAN VIRUS ON CHINA; US INSULATED
–Sees ‘Cautious Optimism’ Growing About the Global Economy By Denny Gulino WASHINGTON (MaceNews)- Federal Reserve Chair Jay Powell, carefully reading some answers from a script, Wednesday afternoon said it is too soon to know the effect of the Wuhan virus on China’s economy but the U.S, is somewhat insulated because its economy mainly depends on […]
TEXT: FOMC STAYS PUT; NO DISSENTS
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday did not choose any unexpected action, sticking to its stand-still posture with no change in rates and virtually no change in its policy statement which follows, boldfaced emphasis added: Information received since the Federal Open Market Committee met in December indicates that the labor market remains […]