Chicago Federal Reserve Bank President Charles Evans said on Wednesday that the Fed is not going to even think about tapering asset purchases until they see a further substantial improvement, as reported by Reuters. Additional takeaways “Fiscal support will help us, the Fed policy is accommodative and that’s appropriate.” “The Fed has the tools to fight both high and low inflation but it’s harder to fight low inflation.” “The Fed does not look much at monetary aggregates, maybe not at all.” Market reaction The US Dollar Index showed no immediate reaction to these remarks and was last seen gaining 0.12% on the day at 90.90. 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 Fed’s Biege Book: Most businesses remain optimistic regarding the next 6-12 months FX Street 1 year Chicago Federal Reserve Bank President Charles Evans said on Wednesday that the Fed is not going to even think about tapering asset purchases until they see a further substantial improvement, as reported by Reuters. Additional takeaways "Fiscal support will help us, the Fed policy is accommodative and that's appropriate." "The Fed has the tools to fight both high and low inflation but it's harder to fight low inflation." "The Fed does not look much at monetary aggregates, maybe not at all." Market reaction The US Dollar Index showed no immediate reaction to these remarks and was last seen gaining 0.12%… 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.
