Federal Reserve Rosengren says his baseline is for the pandemic to get worse this fall and winter, decreasing economic activity. Key comments Rosengren says he expects some parts of the country will lock down and consumers will pull back if infections rise. Rosengren says weaker growth could extend the time it takes for fed to reach 2% inflation target, requiring rates to stay low for longer than anticipated. Rosengren says original round of aid would have been fine if pandemic lasted three months but it’s lasting much longer and more targeted spending is needed. Rosengren says lack of fiscal stimulus could result in more foreclosures and difficulties. Rosengren says we are very likely to face a credit crunch toward the end of this year if banks come under stress from commercial real estate loans. More to come… FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP Price Analysis: Bears may wish to sit this one out, or reduce risk FX Street 2 years Federal Reserve Rosengren says his baseline is for the pandemic to get worse this fall and winter, decreasing economic activity. Key comments Rosengren says he expects some parts of the country will lock down and consumers will pull back if infections rise. Rosengren says weaker growth could extend the time it takes for fed to reach 2% inflation target, requiring rates to stay low for longer than anticipated. Rosengren says original round of aid would have been fine if pandemic lasted three months but it’s lasting much longer and more targeted spending is needed. Rosengren says lack of fiscal stimulus… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.