https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Economists’ voices on the Federal Reserve’s interest rate decision | message, Forex-News, Forex-News
Bitcoin
$35,232.40
-4088.76
Ethereum
$1,121.92
-84.67
Litecoin
$137.85
-14.15
DigitalCash
$120.23
-14.04
Monero
$153.84
-12.84
Nxt
$0.01
-0
Ethereum Classic
$7.39
-0.25
Dogecoin
$0.01
-0

Economists’ voices on the Federal Reserve’s interest rate decision | message

3
, Economists’ voices on the Federal Reserve’s interest rate decision | message, Forex-News, Forex-News


, Economists’ voices on the Federal Reserve’s interest rate decision | message, Forex-News, Forex-News

FRANKFURT (dpa-AFX) – The US Federal Reserve is continuing its crisis policy in view of the continued smoldering corona pandemic. The base rate will remain near zero, while hundreds of billions of euros continue to be pumped into the American economy every month. The Fed will use all its instruments to support the economy in this “challenging time”, it said in a statement on the interest rate decision of the central bank on Wednesday. While the key interest rate remains in a range of zero to 0.25 percent, the billions in bond purchases are to continue until “substantial progress” has been made on the Fed’s goals.

This is how economists assessed the decision:

Bernd Weidensteiner, Commerzbank economist:

“The US Federal Reserve did not decide on any new measures at its meeting today. However, it now promises to hold on to bond purchases until” substantial progress “has been made in achieving the targets. The Fed will probably stick to its ultra-expansionary monetary policy for a long time.”

Uwe Burkert, Chief Economist and Head of LBBW Research:

“The US central bankers will remain on their ultra-expansive course at the end of 2020 and are not planning any changes in the foreseeable future. This perspective has already applied to the key interest rates, but now it is more tightly tied to the bond purchase program, because the extensive Purchases are to be continued at least until substantial progress has been made with a view to the monetary policy goals of full employment and more dynamic inflation. In view of the continued difficult pandemic situation in the USA, this condition for an exit from the purchases should be at least until the end of the coming period The Fed is likely to have disappointed some market players today, because there was no increase in the purchase volume that had been hoped for or its greater concentration on long-term government bonds – at least for the time being. “

Thomas Gitzel, Chief Economist at VP Bank:

“The Fed is resisting the pull and the demands that can be heard in many places for an ever more expansionary monetary policy. That deserves respect. The pressure on Washington politicians is growing to finally pass an urgently needed aid package. Jerome Powell probably serves the financial markets more than that if he had announced today a further expansion of the already expansionary monetary policy. “

Michael Pearce, Economist Capital Economics:

“What may be surprising is the fact that the statement was almost identical to the last, although the increased incidence of coronavirus infections and the resulting restrictions are now placing a greater strain on short-term activity. There was also no recognition that vaccines were in the Should be widely available next year, which should drive GDP growth. “/ jsl / mis



, Economists’ voices on the Federal Reserve’s interest rate decision | message, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Economists’ voices on the Federal Reserve’s interest rate decision | message, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More