The dollar has strengthened slightly despite US initial jobless claims being higher than forecast. Markets continue to be optimistic about Biden’s stimulus package.
Federal Reserve Chairman Jerome Powell reiterated his dovish stance on prioritising bringing the labour market back to full employment. He suggests that the country’s unemployment rate may be closer to 10% than the reported 6.3%. He says more stimulus is needed and supports the central bank’s decision to keep interest rates low.
As Donald Trump’s impeachment trial unfolds, impeachment managers aim to demonstrate his “lack of remorse” for the riots and show new footage taken on the day. Congressman Diana DeGette insists the insurrectionists “came because he told them too”.
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