Will interest rates rise in 2021? Powell Says No Rate Hike, No Taper

Powell outlook

Will interest rates rise in 2021? Powell Says No Rate Hike, No Taper. Investors sold U.S. dollars after Federal Reserve Chairman Jerome Powell made it very clear on Tuesday that there will be no interest rate hikes or tapering in the foreseeable future. 

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Will interest rates rise in 2021? Powell Says No Rate Hike, No Taper via @goldsilverrepor

Powell Analysis: Fed may cut rates in 2020, but the dollar moves to Trump’s tune

Powell outlook

The central bank is ready to respond to a slowdown – or “material reassessment.” That is the critical part from the prepared remarks that Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, has prepared for his testimony. The Fed is content with the current state of the US economy and with its policy – but is ready to cut interest rates once again. That may happen in 2020.

Read morePowell Analysis: Fed may cut rates in 2020, but the dollar moves to Trump’s tune

Powell Analysis: Fed may cut rates in 2020, but the dollar moves to Trump’s tune via @goldsilverrepor

Powell Says U.S. Labor Market ‘Very Strong’ by Many Measures

Federal Reserve Interest Rates

Gold Silver Reports (GSR)  — “Our economy is currently performing very well overall, with strong job creation and gradually rising wages,’’ Powell said in the text of a speech to be delivered to a housing conference in Washington on Thursday. “In fact, by many national-level measures, our labor market is very strong.’’

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Powell Says U.S. Labor Market ‘Very Strong’ by Many Measures via @goldsilverrepor