Fed's Rosengren: Fiscal support needed for low-income individuals, small businesses
|In an interview with Yahoo Finance on Thursday, Boston Federal Reserve President Eric Rosengren said that more fiscal support will be needed for low-income individuals, small business as well as state and local governments, as reported by Reuters.
Additional takeaways
"We are pretty far away from maximum employment and there are headwinds to getting there quickly."
"More fiscal support needed for low-income individuals, small businesses and state and local governments."
"We're a long way away from reaching 2% inflation target and not going to raise rates for several years."
"Fed's statement made it clear that the Fed would potentially raise interest rates if there are financial imbalances."
"Some of the concerns people have with corporate leverage and commercial real estate are likely to be headwinds."
Market reaction
These comment's don't seem to be having a significant impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.17% on the day at 94.52.
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.