The policy makers of the United States Federal Reserve are prepared to respond appropriately to foster a sustainable recovery broad-based, said Tuesday Cleveland Fed President Loretta Mester, as reported by Reuters.
Featured Comments:
“Both monetary and fiscal policy will continue to be needed to limit lasting damage to the economy.”
“There is high degree of uncertainty around the economic outlook“.
“Some of the worst case scenarios and downside risks have diminished over time“.
“The monetary policy will not need to change as long as the medium-term economic outlook remains intact“.
The resilience shown by the economy suggests the possibility that the post-vaccination recovery will be stronger than expected. “
Market reaction
The US Dollar Index declined slightly in the last hour and was last seen shedding 0.15% on the day at 90.32.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
