US Treasury Secretary Yellen: US economy is being very resilient in face of set of shocks

Yellen:

• inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term may have peaked
• US economy is being very resilient in the face of a set of shocks
• Will have to put up with high inflation for a while longer
• Knows Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term will look carefully at the data in responding to inflation
• there is a possibility that imposing import bans on Russian energy could drive price is higher throughout global economy
• we want to be careful that China does not undermine impact of sanctions on Russia
• we would like to see China actively work to resolve Russia – Ukraine crisis
• China continuing to buy coal and oil from Russia is not a violation of sanctions
• I don't expect a recession in the United States
• IMF forecast of 3.7% growth in the US economy is still very solid

Lagarde:

• APP likely to end in early Q3 (that is different than what she said last week after the ECB rate decision - said the APP was likely to and in the 3Q but could be near the beginning or end)
• There is strong chance rates will be raised this year
• Not seeing stagflation

The EURUSD traded to a low of 1.07697. It currently trades at 1.0779. The low price for the week reached 1.07604. The low price from last week reach 1.07568.