Economy

Powell’s gloomy outlook has investors predicting another big Fed move

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Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3, 2020.

Kevin Lamarque | Reuters

Fed Chairman Jerome Powell’s gloomy view of the economy has markets looking for more guidance on what the central bank will do next to help prop it back up.

Some strategists believe the Fed could announce a new quantitative easing program of a set size or pace  before or at its June 9-10 meeting. Quantitative easing was first used by the Fed during the Great Recession and became known as QE.

Powell, in a…



Source cnbc.com

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