Negative comments from the CEO of the New York Fed | 09 September 2021

09 September 2021, EUR/USD

Negative comments from the CEO of the New York Fed

EURUSD trading plan:

"Given what I explained earlier, I think it's clear that we have made substantial further progress on achieving our inflation goal. There has also been very good progress toward maximum employment, but I will want to see more improvement before I am ready to declare the test of substantial further progress being met," John C. Williams, President and Chief Executive Officer of the New York Fed, said. "It is important to remember that even after the asset purchases end, the stance of monetary policy will continue to support a strong and full economic recovery and sustained attainment of 2 percent average inflation," John C. Williams, said. This is negative news for the US currency.

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David Johnson
Analyst of «FreshForex» company
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