“More fiscal and monetary adjustments are appropriate now that a second wave of COVID-19 infections is underway in the United States,” he said Tuesday. the chairman of the Boston Federal Reserve, Eric Rosengren, Reuters reported.
Additional conclusions
“Excessive risk-taking behavior before COVID-19 is likely to delay America’s recovery.”
“Women and minority workers are disproportionately affected by excessive risk taking by service sector companies.”
“The unbalanced human cost of COVID-19 on vulnerable workers in the labor market is bad for the economy and democracy.”
“A potential cost of the new Fed policy is that low rates encourage households and businesses to take on more leverage and risk.”
“This is an important time to focus on preventing the build-up of financial imbalances.”
Market reaction
The US Dollar Index It largely ignored these observations and was last seen trading 92.67.
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Credits: Forex Street
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