Fed Chairman Jerome Powell spoke for the Peterson Institute today, saying he was ready to use all the monetary policy tools to the full extent, which put moderate pressure on the USD. Such a statement could put incredibly strong pressure on the USD. But in response to a question about negative rates, the head of the Federal Reserve reassured markets by saying that all FOMC members did not find this tool attractive.
Keeping the main interest rate above the zero mark is a bullish signal for the USD, which may deter it from developing a more powerful decline.
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Keeping the main interest rate above the zero mark is a bullish signal for the USD, which may deter it from developing a more powerful decline.
======
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #USD #US #Fed
