At the post-meeting press conference, Powell demonstrated the central bank’s understanding of the optics around its balance sheet expansion.
When Jerome Powell started his testimony today, the Dow was up 125, & heading higher. As he spoke it drifted steadily downward, as usual, and is now at -15. Germany & other countries get paid to borrow money. We are more prime, but Fed Rate is too high, Dollar tough on exports.
— Donald J. Trump (@realDonaldTrump) February 11, 2020
BREAKING: Fed Chairman Jerome Powell just came out in favor of private transactions for digital currencies.
He specifically said "A ledger where you know everybody's payments is not something that would be particularly attractive in the context of the US."
Game on 🙏🏽
— Pomp 🌪 (@APompliano) February 11, 2020