Powell talks about the monetary policy tools available to the Fed

4:58 PM May 29, 2020

Jerome Powell talked about the monetary policy tools used by the Fed. He indicates that the Fed has crossed the "red lines", which in other cases should not be crossed. However, the Fed is ready for further action. At the same time, Powell points out that the Fed is close to launching the Main Street Program, which is one of the most difficult monetary policy programs. At the same time, Powell points out that QE and monetary policy guidelines are no longer non-standard monetary policy activities. Powell partly admits that the Fed's goal is to keep the stock market in good condition.

Unfortunately, today we see that this is not enough for the markets. We observed a slight increase from around 3000 points, but at this point the S&P 500 is declining in anticipation of Trump's press conference. Source: xStation5

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