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Fed's Powell: Underlying economic data does not point to slowdown

Additional comments from Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, are crossing the wires as he continues to speak at The Economic Club of Washington.

  • Fed doesn't take political factors into consideration in discussions or decisions.
  • Not bothered by criticism from President Trump.
  • No invitation to meet with president Trump yet.
  • Not aware of any Fed Chair turning down meeting invitation from the White House.
  • If economic data warrants it, Fed can move policy flexibly and quickly.
  • Financial market turbulence seems rooted in concerns over trade, global growth.
  • Underlying economic data does not point to slowdown.

Fed's Bullard: Fed should be careful not to get so aggressive that it inverts yield curve

St. Louis Fed President James Bullard is now out on the wires, delivering the key quotes found below. Moderately concerned that global slowdown wil
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ECB's Villeroy: We must keep our options open in the face of current uncertainty

The European Central Bank (ECB) Governing Council member and Governor of the Bank of France, Francois Villeroy de Galhau, has recently crossed the wir
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