Powell’s equities lift: we’re not out of ammo

Original article by David Rogers
The Australian – Page: 20 : 19-May-20

The Australian sharemarket has been bolstered by encouraging comments from US Federal Reserve chairman Jerome Powell. He indicated that there is "almost no limit" to the central bank’s monetary stimulus in response to the coronavirus pandemic; Powell has also forecast that the US economy will steadily recover during the second half of 2020, in the absence of a second wave of virus infections. The Federal Reserve’s balance sheet has increased by 67 per cent to $US6.93trn since February, although the central bank has been winding back its quantitative easing program since mid-March.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, STANDARD AND POOR’S ASX 200 INDEX

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