OctaFX | OctaFX Forex Broker
Open trading account

Fed has room to be patient and flexible – Danske Bank

Analysts at Danske Bank point out that headlines overnight were dominated by several interesting central bank headlines with focus was on Fed Chair Jerome Powell.

Key Quotes

“Fed Chair Jerome Powell spoke yesterday. He emphasised that the Fed is now in a place where it has room to be patient and flexible in terms of further adjustments in monetary policy. On the balance sheet, his message was that it will be substantially smaller than now, but bigger than before the crisis.”

“Fed Vice Chair Richard Clarida followed up on Powell’s message, stressing that the Fed should be forward looking as it would not be prudent to wait until a slowdown before acting. On the balance sheet discussion, he said it will be consistent with the Fed’s goals for monetary policy.”

UK’s Rudd: No-deal Brexit not good for Britain

In an interview with BBC Radio, UK’s Work and Pensions Minister Amber Rudd noted that a no-deal Brexit would not be good for Britain but the governmen
Read more Previous

UK Foreign Min. Hunt: There could be Brexit paralysis leading to no Brexit

British foreign minister Jeremy Hunt was out on the wires in the last hour, saying that there is another possibility coming into sight - 'No Brexit'.
Read more Next
Start livechat