Fed Chairman Jerome Powell: ''We're Dealing with Economic Disruptions''

US Federal Reserve (Fed) Chairman Jerome Powell stated that they continue to deal with a number of unusual economic disruptions. Chairman Powell underlined that they are determined to use their tools as policymakers.

Jerome Powell evaluated the agenda at the "Fed Listens" event organized with the theme "Transition to a Post-Pandemic Economy". In a short speech at the opening of the meeting, the Fed Chairman stated that the economy is going through a uniquely challenging period and that they are determined to use their tools as policymakers. "We continue to deal with a number of unusual economic disruptions," said Powell, who did not comment on monetary policy in his speech. US Federal Reserve Chairman Powell noted that the views shared at events such as "Fed Listens" with business representatives help focus on the challenges and opportunities shaping the "new normal" of the American economy. https://twitter.com/BloombergHT/status/1573393362572410880 Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!