Powell Promises Fed Remains "Committed To Using Every Tool" To Save The World From Virus' "Considerable Risks"

Regarding asset purchases, the FOMC used wording similar to last month, saying the buying of Treasuries and mortgage-backed securities will continue “in the amounts needed to support smooth market functioning, thereby fostering effective transmission of monetary policy to broader financial conditions.”

Full Statement below:

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Quite a cutdown from its 'war and peace' statement in March...

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Power Hedge 8 months ago Contributor's comment

The more I see what the Fed is doing, the more confident I am in buying precious metals.

Peter Craig 8 months ago Member's comment

Agreed.

Linda Willis 8 months ago Member's comment

Couldn't have said it better myself.