The expansion of the Federal Reserve’s program to include some junk bonds is aimed at helping companies that were investment grade before the crisis, Federal Reserve Vice Chairman Richard Clarida told Bloomberg TV on Monday. “The virus on net will be disinflationary,” Clarida added and noted that the Fed has tools to avoid a possible disinflation. Additional takeaways “Program so far is an ambitious and appropriate response to the crisis.” “We are confident emergency measures can be scaled back at appropriate time.” “The Fed is not doing yield curve control right now but will keep rates low until the economy is back on track.” Market reaction The US Dollar Index largely ignored these comments and was last up 0.07% on the day at 99.55. 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 US Dollar Index Price Analysis: Interim support lines up near 99.00 FX Street 2 years The expansion of the Federal Reserve's program to include some junk bonds is aimed at helping companies that were investment grade before the crisis, Federal Reserve Vice Chairman Richard Clarida told Bloomberg TV on Monday. "The virus on net will be disinflationary," Clarida added and noted that the Fed has tools to avoid a possible disinflation. Additional takeaways "Program so far is an ambitious and appropriate response to the crisis." "We are confident emergency measures can be scaled back at appropriate time." "The Fed is not doing yield curve control right now but will keep rates low until the economy is… 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.
