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St. Louis Federal Reserve President James Bullard said on Tuesday that he doesn’t expect the post-pandemic economy to have a lower standard of living.

“The bulk of the economy will return to prior production levels,” Bullard further noted and argued that the coronavirus pandemic has not turned out as bad as initially feared.

Market reaction

These comments don’t seem to be having a significant impact on the greenback’s performance. As of writing, the US Dollar Index, which fell to a fresh 12-day low of 96.39 earlier in the day, was down 0.35% at 96.68.