- Analytics
- News and Tools
- Market News
- Powell speech: Commitment to price stability contributes to confidence in dollar
Powell speech: Commitment to price stability contributes to confidence in dollar
The US Federal Reserve's strong commitment to price stability contributes to a widespread in confidence in the US dollar as a store of value, FOMC Chairman Jerome Powell said on Friday, per Reuters.
Additional takeaways
"A US CBDC could potentially help maintain the US dollar's international standing."
"Rapid changes in global monetary system may affect the future international role of the US dollar."
"As Fed considers its own CBDC, will be thinking of how the global financial system will evolve over next decade."
"Fed is acutely focused on returning inflation to 2% goal."
Market reaction
The greenback extends its rebound following these comments and the US Dollar Index was last seen rising 0.75% on the day at 104.55.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
