The Federal Reserve should be willing to be accommodative after the crisis but should also have the flexibility to raise rates, Dallas Federal Reserve President Robert Kaplan argued on Tuesday, as reported by Reuters. Additional takeaways “Zero rates likely appropriate until late 2022 or sometime in 2023.” “Fed should keep emergency lending facilities, consider other tools until the economy is on track to meet goals.” “Need to do more to help small, mid-sized businesses access capital.” “Prolonged zero rates could cause financial market fragilities, excesses, imbalances.” “Recovery has been faster than expected.” “Expecting unemployment at 7.5% at year-end, 5.7% at end of 2021.” “Lack of additional fiscal relief is key downside risk to forecasts.” Market reaction The US Dollar Index largely ignored these comments and was last seen losing 0.37% on the day at 93.92. 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 Reddit users should hurry up if they want to cash out MOON tokens, price is falling FX Street 2 years The Federal Reserve should be willing to be accommodative after the crisis but should also have the flexibility to raise rates, Dallas Federal Reserve President Robert Kaplan argued on Tuesday, as reported by Reuters. Additional takeaways "Zero rates likely appropriate until late 2022 or sometime in 2023." "Fed should keep emergency lending facilities, consider other tools until the economy is on track to meet goals." "Need to do more to help small, mid-sized businesses access capital." "Prolonged zero rates could cause financial market fragilities, excesses, imbalances." "Recovery has been faster than expected." "Expecting unemployment at 7.5% at year-end, 5.7% at… 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.
