"Stimulus is still coming in and it's very pre-mature to say we're recovering globally and should see higher rates and stronger dollar; we are many months away from that."
The Fed on Wednesday warned the economic downturn triggered by the COVID-19 pandemic faces a highly uncertain path and reiterated the need for additional fiscal stimulus.
The dovish remarks from the Fed on the U.S. economy triggered a retreat in U.S. stocks and across Asian markets.
August 20, 2020