The Federal Reserve’s actions so far have been allowing them to buy some time for the US economy through looser financial conditions, Federal Reserve Vice Chairman Richard Clarida said on Thursday. Additional takeaways “Financial conditions remain loose depends on the outcome of efforts to control coronavirus.” “Pandemic will be disinflationary as the shock to demand is greater than the shock to supply.” “Hard to forecast economy given range of unknowns but expecting growth to resume, unemployment rate to fall in second half of the year.” “Recent slowing pace of Fed’s Treasury purchases was a result of improved market functioning.” “Fed will do more if necessary, joining other policymakers in noting the possible need for more fiscal response as well.” Market reaction The US Dollar Index largely ignored these remarks and was last seen gaining 0.2% on the day at 99.35. 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 USD/CNY: The yuan might depreciate if US-China tensions persist – TD Securities FX Street 2 years The Federal Reserve's actions so far have been allowing them to buy some time for the US economy through looser financial conditions, Federal Reserve Vice Chairman Richard Clarida said on Thursday. Additional takeaways "Financial conditions remain loose depends on the outcome of efforts to control coronavirus." "Pandemic will be disinflationary as the shock to demand is greater than the shock to supply." "Hard to forecast economy given range of unknowns but expecting growth to resume, unemployment rate to fall in second half of the year." "Recent slowing pace of Fed's Treasury purchases was a result of improved market functioning." "Fed will do more… 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.
