In an interview with Bloomberg TV on the sidelines of the Jackson Hole Symposium, Atlanta Fed President, Raphael Bosticsaid he would like the entity’s policy to become “marginally” restrictive.
Featured Statements
The economy has been producing a lot of jobs each month, we want to see that start to slow down.
Current inflation levels were unimaginable 18 months ago, we need to bring inflation down.
I would be comfortable with some weakness in the labor markets, but we are far from that.
I would like to get another 100-125 basis points above where we are now in interest rates, and sooner rather than later.
We still have to move in an orderly fashion.
I think we should stay there (with high rates) for a long time.
Inflation is usually the last data to answer.
I would be willing for the unemployment numbers to moderate to get us back on target.
The reduction of the financial balance will have a restrictive impact on the evolution of the economy.
Market reaction
The dollar index licks its wounds around 107.80, losing 0.61% on the day, waiting for Powell’s speech to give a new impetus to trade.
Source: Fx Street
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