After the Fed’s reassurance, it’s time for fiscal policymakers to deliver

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The Fed’s Chairman, Jerome Powell, did a credible job on Wednesday of keeping monetary policy unchanged, while still managing to meet markets expectations in the best possible way. Despite no changes and little amendment to the FOMC statement, the Fed has shown that it will do whatever is in its capacity to support the economy.

Market participants are growing more confident that interest rates will remain near zero for a long time to come, even if inflation starts to tick higher. That is one risk-supporting factor investors do not need to worry about in the medium-term. However, the line… Read More:

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