President-elect Joe Biden’s proposed stimulus is big but appropriate, Boston Federal Reserve President Eric Rosengren said on Friday, as reported by Reuters. Additional takeaways “We need to do more to support the economy.” “Expecting to have a tighter policy as we get closer to full employment.” “We are pretty far from that time.” Mix on fiscal and monetary policy right now is appropriate.” “The main problem with the economy now is that we have the wrong pandemic policy.” “Economic forecasting between now and September is based on how fast vaccines are rolled out.” “Next 6 months slower growth is expected because of challenges in inoculating.” “Expecting to see a very strong second half of the year.” Market reaction US Dollar Index preserves its bullish momentum after these comments and was last seen gaining 0.52% on the day at 90.70. 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 EUR/GBP rebounds modestly from key resistance just above 0.8850 FX Street 2 years President-elect Joe Biden's proposed stimulus is big but appropriate, Boston Federal Reserve President Eric Rosengren said on Friday, as reported by Reuters. Additional takeaways "We need to do more to support the economy." "Expecting to have a tighter policy as we get closer to full employment." "We are pretty far from that time." Mix on fiscal and monetary policy right now is appropriate." "The main problem with the economy now is that we have the wrong pandemic policy." "Economic forecasting between now and September is based on how fast vaccines are rolled out." "Next 6 months slower growth is expected… 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.
