Fed’s Powell calls – TradenTalks

By Administrator_India Capital Sands Longer-dated Treasury yields and the dollar rose in Asia on Friday after the U.S. Federal Reserve shifted its policy framework to place more emphasis on boosting economic growth and less on worries about letting inflation run too high. The 10-year U.S. Treasury yield rose to 0.7870%, the highest since June 10, which caused the yield curve to steepen, reflecting the Fed’s tolerance for higher inflation. The dollar hit a two-week high against the yen but held steady against most other major currencies. Gold prices erased early gains…

Fed's Powell calls Political News

In nod to grim U.S. outlook, Fed’s Powell calls for more fiscal support

May 14, 2020 Administrator_IndiaFed's Powell calls0 comment

By Administrator_Inida Capital Sands The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the U.S. central bank’s power as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic. Fed Chair Jerome Powell issued his sober review of an economy slammed by a record pace of job losses and bracing for worse ahead as most U.S. states moved toward reopening after weeks of shutdowns aimed at slowing the spread of the novel coronavirus. The…

Category: Fed’s Powell calls

Treasury yields, dollar gain after Fed’s historic policy shift

In nod to grim U.S. outlook, Fed’s Powell calls for more fiscal support