# Fed Chair Gives A Market Update: 3/17/20 | Rev

> Fed Chair Jerome Powell's March 17, 2021 press conference reviewed the year since the pandemic arrived. He credited fast congressional support and Fed tools with avoiding some of the worst economic outcomes.

- Date: 2021-03-17 · published 2021-03-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/48021-fed-chair-gives-a-market-update-3-17-20-rev
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The remarks reinforce the accommodative policy stance that supports commodity prices through a weaker dollar. The direct feed-price impact is limited.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-17 | [US Fed cuts rates, signals labour market concerns - Moneyweb](https://feedsoft.ai/events/22766-us-fed-cuts-rates-signals-labour-market-concerns-moneyweb.md) | +0.4% | +1.5% |
| DXY | 2019-06-19 | [Asia markets: The Fed, US-China trade, currencies in focus](https://feedsoft.ai/events/9812-asia-markets-the-fed-us-china-trade-currencies-in-focus.md) | -1.1% | -0.9% |
| DXY | 2020-03-02 | [Dollar takes a back seat as markets bet on Fed rate cuts - The HinduBusinessLine](https://feedsoft.ai/events/6185-dollar-takes-a-back-seat-as-markets-bet-on-fed-rate-cuts-the-hindubusinessline.md) | -0.8% | +4.0% |
| DXY | 2019-11-02 | [Vietnam’s financial markets respond positively to Fed rate cut](https://feedsoft.ai/events/56372-vietnam-s-financial-markets-respond-positively-to-fed-rate-cut.md) | +0.5% | +1.0% |
| DXY | 2026-05-29 | [Dollar Faces Bigger Hit Than Euro If Fed, ECB Resume Rate Cuts -- Market Talk](https://feedsoft.ai/events/19476-dollar-faces-bigger-hit-than-euro-if-fed-ecb-resume-rate-cuts-market-talk.md) | +0.3% | +1.6% |

## Sources

- rev.com: https://www.rev.com/transcripts/fed-chair-jerome-powell-press-conference-transcript-march-17-market-update

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.