Fed's Barkin: Forward guidance will be powerful as economy comes back
|The Federal Reserve's forward guidance will be "particularly powerful" as the economy comes back, Richmond Federal Reserve President Thomas Barkin said on Wednesday, as reported by Reuters.
Additional takeaways
"Real challenge now is getting the last 5% of unemployed workers back into jobs."
"Banks still seem pretty healthy."
"Fed decisions on banks buybacks and dividends should be on a bank-by-bank basis."
"Not seeing excessive leverage in the economy yet."
"Inequality driven by 30-40 year trends, worried that lower-income workers displaced during the current crisis will be hard-pressed to find their next job."
Market reaction
The US Dollar Index largely ignored these comments and was last seen gaining 0.15% on the day at 94.02.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.