According to BlockBeats, on July 2nd, Federal Reserve Chairman Jerome Powell's dovish stance was confirmed once again during his speech at the European Central Bank forum. Over the past few months, Powell's views have been noticeably more dovish than most members of the Federal Open Market Committee (FOMC), according to an analysis by Informa Global Markets.
Powell stated that 'we have made significant progress in combating inflation,' indicating that the data represents substantial progress in terms of inflation. In response to these remarks, the dollar has declined, and the euro against the dollar has also been impacted. Furthermore, the yield on US Treasury bonds has further declined. This confirmation of Powell's dovish stance and its impact on the dollar and euro underscores the influence of the Federal Reserve's policies on global financial markets.