The dollar strengthened against the major currencies today. Investors keep an eye on Federal Reserve Chairman Jerome Powell, who will deliver a semi-annual statement on monetary policy and the state of the economy to Congress tonight. As of 9:27 p.m. Thai time, the dollar rose 0.25% to 105.32 yen, while the euro rose 0.21% to… Continue reading Dollar appreciation Market Keep an Eye on the “Powell” Statement | RYT9
The Dow plunged more than 200 points before Federal Reserve Chairman Jerome Powell delivered a half-year statement on monetary policy and the state of the US economy to Congress today. As of 21.58 GMT, the Dow Jones Industrial Average stood at 31,260.32, negative 261.37 points or 0.83%. Powell will make a statement to the Senate… Continue reading The Dow plunged more than 200 points before “Powell”.
Federal Reserve Chairman Jerome Powell made a statement to the media after the Fed meeting yesterday that: Fiscal policy is absolutely necessary at this time. Millions of Americans are likely not eligible for unemployment benefits as a result of the COVID-19 remedy. By the end of this year Powell said: As measures to help the… Continue reading “Powell” hopes Congress will speed up remedial measures to help the US survive the crisis. | RYT9
Federal Reserve Chairman Jerome Powell said progress was made in the development of the COVID-19 vaccine. Considered good news in the medium term But there are still challenges and uncertainties about the timing of the vaccine’s production, distribution and efficacy in different groups. “It is too early to confidently assess the positive effects of vaccines… Continue reading “Powell” points out that the vaccine’s positive impact on the economic direction could not be assessed | RYT9