In an interview with Yahoo Finance on Thursday, Boston Federal Reserve President Eric Rosengren said that more fiscal support will be needed for low-income individuals, small business as well as state and local governments, as reported by Reuters. Additional takeaways “We are pretty far away from maximum employment and there are headwinds to getting there quickly.” “More fiscal support needed for low-income individuals, small businesses and state and local governments.” “We’re a long way away from reaching 2% inflation target and not going to raise rates for several years.” “Fed’s statement made it clear that the Fed would potentially raise interest rates if there are financial imbalances.” “Some of the concerns people have with corporate leverage and commercial real estate are likely to be headwinds.” Market reaction These comment’s don’t seem to be having a significant impact on the greenback’s performance against its rivals. As of writing, the US Dollar Index was up 0.17% on the day at 94.52. 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 bears now await a break below 100-day SMA support FX Street 1 year In an interview with Yahoo Finance on Thursday, Boston Federal Reserve President Eric Rosengren said that more fiscal support will be needed for low-income individuals, small business as well as state and local governments, as reported by Reuters. Additional takeaways "We are pretty far away from maximum employment and there are headwinds to getting there quickly." "More fiscal support needed for low-income individuals, small businesses and state and local governments." "We're a long way away from reaching 2% inflation target and not going to raise rates for several years." "Fed's statement made it clear that the Fed would potentially raise interest… 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.
