Dollar has a long, hard road to go

Is a V-shaped recovery of the US economy impossible?

Who will pay for the party? According to Goldman Sachs, it will require to issue $3 billion of Treasuries to fund the coronavirus aid package approved by Congress to support households, companies and local governments. The major buyer of the newly issued debt will be the Fed that committed itself to buy an unlimited quantity of Treasuries. Such interference may result in a substantial distortion of the asset prices, however, the Fed’s officials have their point of view. According to Cleveland Fed president, Loretta Mester, Fed has worked at making sure…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>