Whatever we can and as long as it takes
About the author:
- Author name:
- By Michael Knox
- Job title:
- Chief Economist and Director of Strategy
- Date posted:
- 18 June 2020, 1:28 PM
In a webinar on Friday 21st May involving Fed Chairmen Jay Powell, and a previous Deputy Chairman Alan Blinder, Powell used the words ‘whatever we can, and for as long as it takes’.
Powell repeated this phrase in the opening words of his Fed press conference of 10th June. The saying had echoes of the words of Mario Draghi - ‘Whatever it takes’ - during the 2012 European sovereign debt crisis. In this piece, I would like to explore the meaning of what Powell said.
More COVID-19 insights
Find out more
View more analysis from Michael Knox by clicking on 'economic strategy' in the popular topics list, or listen to his full playlist of podcasts on Soundcloud. Alternatively, contact your Morgans adviser or nearest Morgans branch.
You are also welcome to start a two-week trial of our online platform, which provides access to detailed market analysis and insights, provided by our award-winning research team.
Create trial account
Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents ("Morgans") do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.
-
Print this page
-
Copy Link