In an interview with Bloomberg, Cleveland Federal Reserve Bank President Loretta Mester argued that the fed fund rate was at neutral right now. “The most likely outcome is inflation moves back to 2%,” Mester added.
The US Dollar Index didn’t react to these comments and was last seen flat on the day at 96.75. Below are some other key quotes., per Reuters.
“Possibility growth slowing more than Fed expects.”
“Fed does not discount markets, but looks at many factors.”
“Trying to assess how much growth is slowing.”
“Would like to see more inflation expectation data.”
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