The Chairman of the New York Federal Reserve, John Williams, It said on Friday that COVID hit certain sectors hard, such as travel and the arts, as reported by Reuters.
“The Fed was established to make sure that credit flows to businesses and state and local entities,” Williams said. Commenting on the economic outlook, Williams said he is optimistic but acknowledged that it will be a challenging period.
Market reaction
The US Dollar Index largely ignored these comments and was last seen shedding 0.15% on the day at 93.64.
Credits: Forex Street
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