Low interest rates could investors to take risk in search of better yields, Boston Federal Reserve Bank President Eric Rosengren said in his prepared remarks delivered to the Connecticut Business & Industry Association in Hartford, Connecticut, on Monday.
“Policymakers anticipate an almost ideal outcome in 2020 of a strong labour market and inflation near 2% target,” Rosengren added. “It’s important to consider risks that could cause significant deviations from the forecast.”
These comments don’t seem to be having a significant impact on the greenback’s market valuation. As of writing, the US Dollar Index was up 0.1% on the day at 97.45.