The US Federal Reserve is committed to using its full range of tools to help ensure a robust economic recovery, Federal Reserve’s Vice Chairman Richard Clarida reiterated on Friday, per Reuters. Additional takeaways “Recent COVID-19 surge poses a downside risk to very near-term US economic outlook.” “Vaccine news means prospects for the economy in 2021 have brightened, the downside risk to outlook has diminished.” “Low unemployment rate in itself will not be enough to trigger tighter monetary policy.” “Fed’s tools are providing powerful support to the economy.” “It will take some time for economic activity and employment to return to pre-crisis levels.” Market reaction The US Dollar Index edged slightly lower after these remarks and was last seen gaining 0.1% on the day at 89.92. 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 Gold Price Analysis: XAU/USD drops further to test $1850 on another sel-loff FX Street 11 months The US Federal Reserve is committed to using its full range of tools to help ensure a robust economic recovery, Federal Reserve's Vice Chairman Richard Clarida reiterated on Friday, per Reuters. Additional takeaways "Recent COVID-19 surge poses a downside risk to very near-term US economic outlook." "Vaccine news means prospects for the economy in 2021 have brightened, the downside risk to outlook has diminished." "Low unemployment rate in itself will not be enough to trigger tighter monetary policy." "Fed's tools are providing powerful support to the economy." "It will take some time for economic activity and employment to return to pre-crisis… 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.
