FOMC Chairman Jerome Powell is delivering his remarks on the Federal Reserve’s response to the coronavirus crisis before the US House Committee on Financial Services. Key quotes “We’re strongly committed to price stability mandate.” “I expect a pickup in inflation this year from base effects, bottlenecks.” “I do not expect it to be large or persistent.” “We remain committed to inflation expectations anchored at 2%.” “The recovery is still far from complete.” “Fed is committed to using the full range of tools to support the economy and ensure a robust recovery.” Market reaction The US Dollar Index preserves its bullish momentum following these comments and was last seen gaining 0.57% on a daily basis at 92.26. 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 Silver slides continues, prices now eyeing test of $25.00 level FX Street 8 months FOMC Chairman Jerome Powell is delivering his remarks on the Federal Reserve's response to the coronavirus crisis before the US House Committee on Financial Services. Key quotes "We're strongly committed to price stability mandate." "I expect a pickup in inflation this year from base effects, bottlenecks." "I do not expect it to be large or persistent." "We remain committed to inflation expectations anchored at 2%." "The recovery is still far from complete." "Fed is committed to using the full range of tools to support the economy and ensure a robust recovery." Market reaction The US Dollar Index preserves its bullish… 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.
