The Fed new policy framework has a good chance of success to help lift inflation in years ahead, St. Louis Federal Reserve President James Bullard said on Thursday and argued that inflation could rise to 2% as soon as next year. Additional takeaways (via Reuters) “Not reasonable to make a second wave virus scenario dominate economic forecasts at this point.” “Fatality rates from the virus are unlikely to reach March and April levels.” “Baseline case should be that adaptation to virus among companies allows better economic growth.” “Premature to think of when to taper asset purchases.” “Fed can afford to wait and see how the economy evolves before making further decisions about quantitative easing.” “Even if optimistic forecast develops, Fed policy would not change given the deep hole left to fill in the economy and desire to get inflation higher.” Market reaction The US Dollar Index edged lower in the last hour and is currently losing 0.15% on the day at 94.20. 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 Bitcoin and Ethereum rebound strongly and are poised for further gains FX Street 1 year The Fed new policy framework has a good chance of success to help lift inflation in years ahead, St. Louis Federal Reserve President James Bullard said on Thursday and argued that inflation could rise to 2% as soon as next year. Additional takeaways (via Reuters) "Not reasonable to make a second wave virus scenario dominate economic forecasts at this point." "Fatality rates from the virus are unlikely to reach March and April levels." "Baseline case should be that adaptation to virus among companies allows better economic growth." "Premature to think of when to taper asset purchases." "Fed can afford to wait… Top 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.
