The US Federal Reserve’s strong commitment to price stability contributes to widespread confidence in the dollar as a store of value, it said on Friday. FOMC Chairman Jerome Powellaccording to Reuters.
Featured Statements
“A US CBDC (central bank digital currency) could help maintain the dollar’s international standing.”
“Rapid changes in the global monetary system may affect the future international role of the US dollar.”
“When the Fed considers its own CBDC, it will think about how the global financial system will evolve over the next decade.”
“The Fed is very focused on bringing inflation back to the 2% target“.
market reaction
The USD continues its bounce after these comments and the US Dollar Index was last up 0.75% on the day to hit 104.55.
Source: Fx Street
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