Central Banks


Chicago Fed Pres. Evans speaking

  • more fiscal relief needed, cites large potential hole in aggregate demand as prior 8 expires
  • United States taking serious, unnecessary risks by not extending more federal aid to out of work households
  • people, businesses and minority neighborhoods have borne unfair, outsize burden from pandemic recession
  • inclusive recovery difficult until we’ve made sufficient progress in controlling virus
  • sees inequalities steepening the longer the pandemic, recession continues
  • repeats Fed is committed to using full range of tools until confident economy on track to full employment, stable inflation

Fed’s Evans is a nonvoting member on the FOMC in 2020.
For bank trade ideas, check out eFX Plus



Source link

Articles You May Like

LIVE Forex Trading Analysis – NY Session 22nd October 2020 XAUUSD Gold Trading
Weekly FOREX Forecast: 19th – 23rd Oct 2020 [Forex Trading Course] Wave Analysis
NZDUSD moves lower and toward the 200 hour MA/38.2% retracement
FOREX STRATEGY – Trading With Signals – Forex Tutorial
USD is the strongest of the majors

Leave a Reply

Your email address will not be published. Required fields are marked *