FOMC Chairman Jerome Powell is delivering his remarks on the economy and policy outlook at a virtual event organized by the Economic Club of Washington. Key quotes “Market should focus on outcomes, not the dot plot.” “It’s highly unlikely we would raise rates before the end of 2022 but it really is outcome-based.” “QE taper will in all likelihood be well before we raise interest rates.” “I don’t think we would ever sell bonds into the market.” Market reaction The USD continues to weaken against its rivals during Powell’s speech and the US Dollar Index was last seen losing 0.2% on a daily basis at 91.65. 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 Powell speech: Seeking inflation moderately above 2% for some time FX Street 2 years FOMC Chairman Jerome Powell is delivering his remarks on the economy and policy outlook at a virtual event organized by the Economic Club of Washington. Key quotes "Market should focus on outcomes, not the dot plot." "It's highly unlikely we would raise rates before the end of 2022 but it really is outcome-based." "QE taper will in all likelihood be well before we raise interest rates." "I don't think we would ever sell bonds into the market." Market reaction The USD continues to weaken against its rivals during Powell's speech and the US Dollar Index was last seen losing 0.2%… 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.
