He said on Monday that the Fed was in no rush to raise interest rates again, and may wait until at least June before deciding on another hike.
Asian shares hit 21-month highs on Tuesday while the dollar and USA bond yields were on the backfoot on the prospect of a less hawkish than previously expected Federal Reserve policy trajectory.
Meanwhile, gold prices hit a two-week high yesterday as the greenback slumped.
The most active gold contract for April delivery rose 3.8 US dollars, or 0.31 percent, to settle at 1,234.00 dollars per ounce.
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"And if the RBA is forced to lower rates, as we expect, then the real policy rate spread will decline to levels not seen since late 2000", she said.
While Asian shares have been supported by signs of strong global economic growth, concerns about protectionism cast a shadow after financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist United States.
Although Trump promised in early February to deliver a "phenomenal" tax plan within a few weeks, no such details have been released yet, with many investors now waiting for detailed budget plan expected in mid-May.
Chicago Fed President Charles Evans, speaking on Fox Business Network TV on Monday, said the Fed was likely to lift interest twice more this year, but could be modify its approach to the policy rate depending on inflation.
Manchester City v Liverpool
The Citizens now sit in third place and could move level on points with Tottenham, should they secure all three points. A win for Liverpool would see them leapfrog Pep Guardiola's side into third place in the Premier League standings.
This might seem daunting, at first, but NerdWallet mortgage analyst Tim Manni confides: "For consumers now shopping for a mortgage to purchase a property or refinance an existing loan, shouldn't feel like a real shock to the system since the rate move has already been "baked" into the market". If inflation began to pick up, that would certainly solidify (that expectation).
In his comments yesterday, he continued to talk-up the prospect of two additional interest rate hikes this year. Treasury notes to a two-week low of 2.472 percent.
These adjustable rates, he says, could rise as much as ¾ percent, which would increase the same metric as mentioned above (the monthly payment on a $200,000 mortgage) by as much as $84.
With the French and German federal elections approaching, gains by populist anti-Euro parties could send investors flocking once more to gold.
Manchester United vs. Rostov: Score and Reaction from 2017 Europa League Match
At the other end, Antonio Valencia's cross picked out Ibrahimovic, who got in front of Cesar Navas to guide a header over the crossbar.
One might think that markets' tolerance for political volatility to be quite high at the present moment, not a year removed from both Brexit and the rise of Trump.