“I don’t want to declare a long-term shift in the prevailing winds when we don’t yet know exactly how the pandemic era will play out,” Richmond Fed President Thomas Barkin said at an Atlanta Fed technology conference. “You must never rule out disinflationary forces.”
“Over the last 10 years, our inflation and employment goals have not been in conflict when making policy,” Barkin explained, as reported by Reuters. “We will have to be very clear that a growing economy and maximum employment require stable prices and that we will remain committed to tackling inflationary spells.”
Market reaction
These comments did not help the Dollar find demand and the Dollar Index last lost 0.42% on the day, trading at 111.70.
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
