Jerome Powell, Chairman of the Federal Reserve, will say that the current policy of the bank is appropriate barring a material reassessment. The Fed is closely monitoring the coronavirus risks that could cause disruption at the epicenter of the disease in China and could have spillovers.
Powell is upbeat on the economy, saying that fundamentals are supporting household spending are still strong. Economic activity has increased in the second half of 2019 and the economy is showing resilience to global headwinds.
Inflation is set to move closer to the 2% goal in the coming months.
EUR/USD has dipped below 1.09 ahead fo the publication and the greenback retains its strength in general.
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