Fed's Goolsbee: Policy uncertainties might affect prices
In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that he has comfort that they are on the path to 2% inflation, per Reuters.
Key takeaways
"Policy uncertainties might affect prices."
"With uncertainty should slow down as take rates toward neutral."
"We have multiple months of solid performance of inflation right around 2%."
"I still think rates will be lower 12-18 months from now."
"Job market looks settled in around full employment."
"If policy uncertainty affects prices, it affects the Fed."
"A one-time increase in tariffs in theory is transitory, policy response may not be needed."
"Underlying economy on excellent path."
"I have no problem slowing pace of cutting, feeling our way toward neutral rates."
Market reaction
The US Dollar Index clings to small daily gains and was last seen rising 0.15% on the day at 108.35.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.