The U.S. dollar recovered after early weakness and spent the rest of the session on Wednesday in positive territory, after the Federal Reserve Chief Jerome Powell ruled out negative interest rates.
During a webcast hosted by the Peterson Institute for International Economics, Powell warned the coronavirus crisis raises longer-term concerns that could result in an extended period of low productivity growth and stagnant incomes.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com