Richmond Federal Reserve President Thomas Barkin said on Thursday that he is not worried about the possibility of inflation escalating in the near future, as reported by Reuters. Additional takeaways “Inflation is not that far off 2% target.” “Inflation expectations are stable and well-anchored.” “Having rates lower for longer does not mean zero forever.” “Fed has the freedom to act if financial stability risks arise.” “Hopefully, Fed can move toward normalization when the time is right.” Market reaction The US Dollar Index largely ignored these comments and was last seen flat on the day at 94.35. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Evans: More fiscal relief is needed FX Street 1 year Richmond Federal Reserve President Thomas Barkin said on Thursday that he is not worried about the possibility of inflation escalating in the near future, as reported by Reuters. Additional takeaways "Inflation is not that far off 2% target." "Inflation expectations are stable and well-anchored." "Having rates lower for longer does not mean zero forever." "Fed has the freedom to act if financial stability risks arise." "Hopefully, Fed can move toward normalization when the time is right." Market reaction The US Dollar Index largely ignored these comments and was last seen flat on the day at 94.35. Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
