Fed Chairman Powell’s Dovish Stance Confirmed
According to BlockBeats, on July 2nd, Federal Reserve Chairman Jerome Powell’s dovish stance was confirmed once again during his speech at the European Central Bank forum.
Analysis by Informa Global Markets
Over the past few months, Powell’s views have been noticeably more dovish than most members of the Federal Open Market Committee (FOMC), according to an analysis by Informa Global Markets.
Significant Progress in Combating Inflation
Powell stated that ‘we have made significant progress in combating inflation,’ indicating that the data represents substantial progress in terms of inflation.
Impact on Dollar and Euro
In response to these remarks, the dollar has declined, and the euro against the dollar has also been impacted. Furthermore, the yield on US Treasury bonds has further declined.
Influence on Global Financial Markets
This confirmation of Powell’s dovish stance and its impact on the dollar and euro underscores the influence of the Federal Reserve’s policies on global financial markets.
