Fed Chair Powell hearing exchange over IOER policy

House Financial Services Committee Chairman Jeb Hensarling of Texas asks Federal Reserve Chairman Jerome Powell at an oversight hearing about an expectation that interest rate on excess reserves would continue to be a fire extinguisher behind the glass to break out, Powell answering there was no decision in the longer run but the current approach had worked very well and the market seemed to understand.
House Financial Services Committee Chairman Jeb Hensarling of Texas asks Federal Reserve Chairman Jerome Powell at an oversight hearing about an expectation that interest rate on excess reserves would continue to be a fire extinguisher behind the glass to break out, Powell answering there was no decision in the longer run but the current approach had worked very well and the market seemed to understand.
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Restrictions:
Editorial use only. May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office and may not be used to distort the objects and purposes of the hearing or to discredit or dishonour any member of the House or bring the House or any Member into disrepute. Contact your local office for all commercial or promotional uses.
Credit:
FedNet / Getty Images
Editorial #:
925396170
Collection:
FedNet
Date created:
27 February, 2018
Upload date:
Licence type:
Rights-ready
Release info:
Not released. More information
Clip length:
00:01:06:02
Location:
Washington, DC, United States
Mastered to:
QuickTime 8-bit H.264 HD 1280x720 30p
Source:
FedNet
Object name:
hfi022718f.mov