The Federal Reserve’s current pace of asset purchases has been effective and monetary policy is in a very good place, the Federal Reserve said on Friday. Chairman of the St. Louis Federal Reserve, James Bullard, as reported by Reuters.
Additional conclusions
“Even if the Fed’s emergency programs are closed at the end of the year, markets would know they can reopen, you have to trust the Fed’s willingness to act as a backstop.”
“The investment will increase substantially as the vaccine approaches, the likelihood of the pandemic ending increases.”
“The Fed is still not thinking about raising interest rates, it is still a long climb for the economy.”
“Financial stability is not a key concern amid the pandemic.”
Market reaction
The US Dollar Index it was down slightly and was last seen shedding 0.18% on the day at 92.78.
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