On Wednesday, the US Dollar Index continues to erase its daily losses following the comments by important Fed and was last seen losing 0.17% on the day at 106.38.
New York Federal Reserve President John Williams said that the monetary policy is not the best tool to address financial stability risks, as reported by Reuters.
Key Quotes
“Central banks around the world taking strong action to restore price stability.”
“It is important to bolster the resilience of the treasury market.”
“Price stability is essential for the US economy to function well.”
Home / Market Update / Forex Market / Fed’s Williams: Monetary policy not best tool to address financial stability risks
Tags John Williams monetary policy price stability
Check Also
DXY Declines on Quiet Monday as Markets Await Catalysts
The US Dollar Index (DXY) has retreated below the 107.00 mark after profit-taking following the …