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
Why aren’t more Americans working? Fed Chair Powell says blame education and drugs, not welfare. https://t.co/B17WtVIfTW
— The Washington Post (@washingtonpost) February 15, 2020