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Policy
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: Biden Praises Fed Dollar Policy, Says Aids Fiscal
President-elect Joe Biden praised the Federal Reserve Thursday including how it has handled the dollar, noting that low interest rates will allow for further fiscal stimulus.
"Quite frankly the way the Federal Reserve has been approaching, dealing with the dollar has been in a positive direction," Biden said. "Our interest rates are as low as they have been in modern history and I think that is a positive thing. It lends credence to the possibility of us being able to expend the money and deficit spend in order to generate economic growth right off the bat and so I think it has been positive so far."
Biden also said he has picked a Treasury Secretary but will announce it around, before or after, Thanksgiving, adding that the pick will be supported by progressives and moderates in the Democratic Party.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.