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The most important from Fed's conference

Jerome Powell

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Growth slowed in foreign economies, especially in China and Europe
Notes the effects of the Government's suspension
Financial conditions have considerably sharpened
The economy offers strong macroeconomic indicators
The risk management approach is patience
Developments require patience
We decided to be patient
The recent fall in oil prices is likely to reduce overall inflation over the coming months
The FOMC held in-depth discussions on the balance sheet during the last three meetings
Normalization of the portfolio will be earlier and with greater balance than previously thought
We are now evaluating the balance sheet plan, finalizing our plans "at the next meetings"


 Trader Aleksandar Kumanov

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