Read more on this subject: Federal Reserve
News Story Source: Zero Hedge – Tyler Durden
Here are the highlights from Bloomberg:
*POWELL: FED'S ROLE IS GUIDED BY OUR MANDATE
*POWELL: U.S. ECONOMY WAS ON A SOLID FOOTING BEFORE VIRUS STRUCK
*POWELL: WEAKNESS ABROAD WILL WEIGH ON U.S. EXPORTS
*POWELL: POLICY MAKERS MUST DO WHAT WE CAN TO EASE HARDSHIP
*POWELL: INFLATION WILL LIKELY BE HELD DOWN THIS YEAR BY VIRUS
*POWELL: VIRUS PRESENTS SIGNIFICANT ECONOMIC CHALLENGES
*POWELL: VIRUS WILL MEAN LOWER ECONOMIC ACTIVITY FOR PERIOD
*POWELL: SEVERAL FINANCIAL MARKETS HAVE SHOWN SIGNS OF STRESS
*POWELL: WE ENCOURAGE BANKS TO TURN TO THE DISCOUNT WINDOW
*POWELL: 2Q ECONOMY IS PROBABLY GOING TO BE WEAK
*POWELL: TODAY'S FOMC'S MEETING IN LIEU OF THE TUES/WED MEETING
*POWELL SAYS FOMC WON'T HOLD ITS PLANNED MEETING THIS WEEK
*POWELL: FORWARD GUIDANCE, ASSET PURCHASES ARE OUR BASIC TOOLKIT
*POWELL: ASSET PURCHASES ARE AIMED AT RESTORING MARKET FUNCTION
*POWELL: BOND BUYING WILL FOSTER MORE ACCOMMODATIVE CONDITIONS
