Fed chair Jerome Powell: We're not even thinking about raising rates

61Likes

7,421Views

2020Jul 29

Federal Reserve Chairman Jerome Powell holds a news conference after the Fed's decision to leave interest rates unchanged. He reiterates the Federal Reserve's stance on raising interest rates amid the coronavirus pandemic. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi The Federal Reserve on Wednesday decided to leave interest rates unchanged around zero and cited U.S. economic growth “well below” pre-pandemic levels for the easy monetary policy. The Federal Open Market Committee, which sets monetary policy for the broader central bank, said it will continue to make bond purchases and its litany of lending and liquidity programs devised to help ease the effects of the pandemic. “Following sharp declines, economic activity and employment have picked up somewhat in recent months but remain well below their levels at the beginning of the year,” the Fed said in its statement. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC For info on the best credit cards go to CNBC Select: https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV