register nowRegister now
USDCAD TECHS

Still Looking For Gains

AUDUSD TECHS

Remains Vulnerable

EURJPY TECHS

Recent Highs Remain Intact

USDJPY TECHS

Holding Onto Gains

EURGBP TECHS

Bearish Risk

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Federal Reserve Chair Jerome Powell told Congress Tuesday fiscal stimulus plans are not likely to generate inflation despite market worries.

"We've been living in a world through a quarter century where all of the pressures were disinflationary," Powell said. "Inflation dynamics do change but they don't change on a dime, so we don't really see how a burst of fiscal spending that doesn't last for many years would actually change those inflation dynamics."

"There perhaps once was a strong connection between budget deficits and inflation. There really hasn't been lately," he added.

An MNI interview with an ex-Treasury adviser published Tuesday concurred with the notion that ample slack in the economy should prevent inflation pressures from taking hold.