Whatever we can and as long as it takes

About the author:

Michael Knox
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.

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