In an interview with CBS News on Sunday, Chicago Federal Reserve Bank (Fed) President Charles Evans said that there is a need for more economic aid to protect small businesses, vulnerable communities.
Key quotes
"I think that public confidence is really important and another support package is really incredibly important."
“The most pessimistic economic projections involved not supporting state and local governments.”
US House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on Sunday said they were open to restarting COVID-19 aid talks even after President Donald Trump signed coronavirus relief orders on Saturday.
Market reaction
The above comments have little to no impact on the US dollar, as the dollar index trades on the back in Asia this Monday, reversing a part of Friday’s rebound.
The US dollar index drops 0.11% to trade around 93.35 region, at the time of writing. #Fed##USFiscalPlan#
Reprinted from FXStreet，the copyright all reserved by the original author.
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