The President of the Federal Reserve Bank of San Francisco, Mary Daleyrefrained from commenting on the Federal Reserve’s next possible monetary policy decision, but reiterated that they should be very aware of the dates at this time, as reported by Reuters.
Other comments
“You have to see if the policy adjustment is affecting the economy.”
“Banking tensions have calmed down, banks are in good shape.”
“There is still a lot of data to learn before the June FOMC.”
“Tightening of credit terms may amount to one or two rate hikes.”
“The Fed should watch out for a slowdown in the economy.”
“Inflation expectations are well anchored.”
“It is not known how deep and long the credit tightening will be.”
“FOMC decides meeting by meeting what is the most prudent path.”
“The global tightening cycle has slowed activity less than expected.”
“Balance sheet reduction works effectively.”
“There are some signs of a slowdown in an otherwise strong labor market.”
“The Fed’s forecasts are as good as the day they go to print.”
“Real wage growth for most Americans is being outpaced by inflation.”
“It’s not surprising to see an increase in credit problems for some Americans.”
“It would be a historical anomaly to have inflation of 2% with unemployment below 4%.”
“It seems entirely reasonable that unemployment is above 4%.”
Market reaction
The Dollar Index is holding on to small daily gains near 103.30 following these comments.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
