Atlanta Fed President Raphael Bostic said on Monday that he was optimistic about the Federal Reserve’s and Congress’ response to the coronavirus crisis and added that the recovery should be “much more robust” than from a usual recession. Additional takeaways “It’s difficult to predict how many more may become jobless in coming weeks given lack of historical precedent for this type of event.” “The strength of the recovery depends on whether families and businesses trust that health risks are controlled, or whether they lose confidence.” “The Fed basically trying to monitor every market in the country to see if stresses emerge.” “The aim of the Fed, congressional programs is to take the pressure off businesses to meet revenue targets.” “It’s important for the US to avoid a housing crisis growing out of the pandemic.” Market reaction The US Dollar Index continues to move sideways a little above the 99.50 handle after these comments. 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 AUD/USD Price Analysis: Refreshes 1-month tops, eyeing a move beyond 50-DMA FX Street 2 years Atlanta Fed President Raphael Bostic said on Monday that he was optimistic about the Federal Reserve's and Congress' response to the coronavirus crisis and added that the recovery should be "much more robust" than from a usual recession. Additional takeaways "It's difficult to predict how many more may become jobless in coming weeks given lack of historical precedent for this type of event." "The strength of the recovery depends on whether families and businesses trust that health risks are controlled, or whether they lose confidence." "The Fed basically trying to monitor every market in the country to see if stresses emerge." "The… 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.
