The minutes of the unscheduled FOMC meeting last month on March 15th may give that rare glimpse behind the headlines to see what was motivating the central bank at its second emergency meeting that month, FXStreet’s analyst Joseph Trevisani briefs. Key quotes “There is little doubt the crisis there, if left unattended would have exacted a far greater toll of misery had the financial system blown through its guardrails.” “It will be interesting to see what sense of drama, if any, comes through the bureaucratic phrasing of the FOMC minutes.” “It would also be interesting to know what the governors intended to do with the Fed balance sheet which was about to explode higher. It is now at $5.8 trillion larger than at any point in the financial crisis and its aftermath.” “The currency, credit and equity markets have moved on from that mid-March inflection point but in retrospect it may have been the turning point in this crisis.” 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 USD/JPY: Lacking directional strength FX Street 2 years The minutes of the unscheduled FOMC meeting last month on March 15th may give that rare glimpse behind the headlines to see what was motivating the central bank at its second emergency meeting that month, FXStreet’s analyst Joseph Trevisani briefs. Key quotes “There is little doubt the crisis there, if left unattended would have exacted a far greater toll of misery had the financial system blown through its guardrails.” “It will be interesting to see what sense of drama, if any, comes through the bureaucratic phrasing of the FOMC minutes.” “It would also be interesting to know what the governors… 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.
