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7 Jan 2021

Fed's Bullard: Single-party control of White House and Congress is not a blank check

St. Louis Federal Reserve President James Bullard said on Thursday that he expects to see an "investment boom" fueled by low yields and expectations the coronavirus pandemic is going to end, as reported by Reuters.

"Any further fiscal program should be disciplined to go to households that need it rather than piling on," Bullard added and reiterated that negative rates are not a good option for the US.

"Single-party control of the White House and Congress is not a blank check, a split in the Senate will still make some measures difficult," Bullard further argued.

Market reaction

These comments don't seem to be having a significant impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.37% on the day at 89.86.

Jan 7, 2021

USD/TRY: Lira strength could even surprise to the upside – MUFG

The policy shift in Turkey remove pressure on the lire, point out analysts at MUFG Bank. They consider lira’s strength could even surprise to the upsi

EUR/JPY Price Analysis: Bulls in charge into weekly resistance

The cross has rallied from a low of 126.88 to a high of 127.47 on the day so far, extending the 2021 breakout in what will be a fourth consecutive bul