“There is room for a substantial decline in the unemployment rate to 4.9% in the coming months,” the chairman of the Federal Reserve Bank said on Friday. St. Louis James Bullard, Reuters reported.
Additional conclusions
“Spread of the virus domestically may require a new educational initiative to change behavior.”
“Even in light of the new outbreak, the economy appears to be adjusting to the pandemic.”
“Together, considerable resources have already been committed to offsetting the pandemic recession.”
Market reaction
The US Dollar Index It largely ignored these comments and was last seen shedding 0.14% on the day at 92.83.
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