Fed's Kashkari: We might be in this for a long time

Eren Sengezer FXStreet

"We are not going to fix the economy until we get our hands around the virus," Minneapolis Fed President Neel Kashkari said on Tuesday. "We might be in this for a long time."

Market reaction

These comments don't seem to be having a significant impact on market sentiment. As of writing, S&P 500 futures were up 0.35% on the day to point out to a positive opening in Wall Street. Meanwhile, the US Dollar Index, which tracks the USD's performance against a basket of six major currencies, is down 0.48% on a daily basis at 99.75.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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