Richmond Federal Reserve president, Thomas Barkin, says the current unprecedented fiscal, monetary stimulus has been critical in avoiding even worse economic outcomes. Key comments Says path of economy will depend on course of virus, and also fiscal support. Says uncertainty is weighing on workforce participation. Says uncertainty is also weighing on big and small businesses, which are slowing down to mitigate downside risks. Says uncertainty also matters for banks, and should also matter for investors. Says that to reduce uncertainty, need to control virus, deliver fiscal aid. Says he has been struck in last two weeks by how many businesses are having trouble hiring workers. Market implications The comments play second fiddle to the release of the Federal Open Market Committee Minutes today which has sunk just about everything except for US yields and the US dollar. Gold Price Analysis: XAU/USD sinks on firmer US dollar tones and the FOMC 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 Kudlow: Trump administration willing to talk about coronavirus relief with democrats – CNBC interview FX Street 2 years Richmond Federal Reserve president, Thomas Barkin, says the current unprecedented fiscal, monetary stimulus has been critical in avoiding even worse economic outcomes. Key comments Says path of economy will depend on course of virus, and also fiscal support. Says uncertainty is weighing on workforce participation. Says uncertainty is also weighing on big and small businesses, which are slowing down to mitigate downside risks. Says uncertainty also matters for banks, and should also matter for investors. Says that to reduce uncertainty, need to control virus, deliver fiscal aid. Says he has been struck in last two weeks by how many businesses are having… 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.
