Listen Live: Fed’s Powell Holds Emergency Phone Conference Explaining Why Nothing Is F**ked Here

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

*POWEL
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