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Powell: Concern is longer run risks, and more support may be needed
Fed Chair Powell:
— DailyFX Team Live (@DailyFXTeam) May 19, 2020
- Concern is longer run risks to the economy, and more support may be needed
- Going to see soon how the reopening goes
- Reluctant to talk about timing of fiscal policy $DXY
Added at 11:56am
Added at 11:57am
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Fed Chair Powell:
— DailyFX Team Live (@DailyFXTeam) May 19, 2020
- Municipal facility close to opening, probably 10 days to 2 weeks from being operational
- Should support market function across the muni markets, and across the longer dated maturities too