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In an interview with the Wall Street Journal,  Atlanta Fed President Raphael Bostic said he expects the Fed to start lifting rates in 2023, as reported by Reuters.

Additional takeaways

“Expecting a fair amount of time  before the central bank pares asset purchases.”

“I don’t have a lot of certainties that we’re going to see a  strong and robust inflation for a sustained period very quickly.”

“I expect the US economy will grow 6% and inflation will overshoot the Fed’s 2% target this year.”

Market reaction

The US Dollar Index preserves its bullish momentum following these remarks and was last seen gaining 0.16% on a daily basis at 92.49.