A full economic recovery in the US is a good way off and it will take continued support to sustain a robust recovery, Randal Quarles, Vice-Chair of the Federal Reserve, said on Wednesday. “Momentum in consumer spending is strong but job gains may slow and the business spending outlook is uncertain,” Quarles added while delivering his prepared remarks to the Institute of International Bankers, as reported by Reuters. Additional takeaways “Asia is seeing strong rebound but trade has been slower to increase.” “Prospects are good for the US and other advanced economies but the hole is deep, downside risks remain.” “Global policymakers need to be ready to act further.” “Commercial real estate poses downside risk to business sector.” “Indicators of future inflation do not point to rapid acceleration.” “Will be more patient in reacting to small upward deviations in inflation, given the Fed’s new focus on fixing employment shortfalls.” “Fed hopes to quicken pace of recovery through forward guidance.” Market reaction The US Dollar Index showed no reaction to these remarks and was last seen gaining 0.3% on the day at 94.25. 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 Bitcoin SV Price Analysis: BSV stands at a crucial breaking point of its future trend FX Street 1 year A full economic recovery in the US is a good way off and it will take continued support to sustain a robust recovery, Randal Quarles, Vice-Chair of the Federal Reserve, said on Wednesday. "Momentum in consumer spending is strong but job gains may slow and the business spending outlook is uncertain," Quarles added while delivering his prepared remarks to the Institute of International Bankers, as reported by Reuters. Additional takeaways "Asia is seeing strong rebound but trade has been slower to increase." "Prospects are good for the US and other advanced economies but the hole is deep, downside risks remain." "Global policymakers need to be… 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.
