President of the Jerome Powell Federal Board | Photo credit: Tom Brenner/Reuters
The president of the Federal Reserve, Jerome Powell, suggested on Wednesday the hopes that the Central Bank intervenes to reduce market volatility are probably out of place.
“What I think is happening in the markets is that the markets are processing what is happening, the markets are fighting with great uncertainty and that means volatility,” Powell said in an appearance in Chicago.
Despite the tumult, “the markets are working conditioned to be in such a challenging situation, the markets are doing what they are supposed to do, they are ordered and work almost as it would to function” given uncertainty.
Ready to provide dollar liquidity
The United States Federal Reserve is ready to provide dollar liquidity through its exchange lines with other central banks as necessary, Fed President Jerome Powell said Wednesday.
“We want to make sure the dollars are available,” Powell said in response to a question at an event at the Chicago Economic Club.
“The reason we do is that consumers are really good for us, so we will do it right as part of the dollar as a reserve currency,” he said.
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Posted on April 17, 2025