Fed doesn’t want a weaker dollar

Jerome Powell’s dovish tone hasn’t supported the EUR/USD rally

The US strong jobs report for May should have encouraged the Fed to demonstrate confidence in a soon rebound of the US economy after the shock resulting from the pandemic. However, Jerome Powell did what he should. The Fed’s chair didn’t make the mistake of the former central bank’s presidents. During the Great Depression, the Fed did not provide an extra stimulus, which resulted in the W-shaped economic recovery. During the previous recession, the central bank suggested normalizing the balance sheet too early, which send the S&P 500 28% down in…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>