Cleveland Federal Reserve Chair Loretta Mester told Bloomberg TV on Friday that Fed policy is in a good place and reiterated that the Fed will communicate changes in policy stance in advance.
Featured statements
“Now is the time to wait closely, not adjust policy.”
“The Fed will stay on track until we get more people into the job market.”
“We want to go back to maximum employment.”
“We want to see inflation rise and be on track to exceed 2%.”
“I don’t see much of an impact on trend measurements of inflation.”
“We are really focused on inflation expectations.”
Market reaction
These comments do not appear to have a significant impact on the performance of the USD against its rivals. At the time of writing, the US dollar index it was down 0.3% on the day at 90.45.
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