“A steady path of rate hikes, with predictable data-driven adjustments, could improve market performance and facilitate balance sheet liquidation,” he said on Friday. the president of the Kansas City Fed, Esther George, according to Reuters.
Other points to consider
“For interest rate hikes, perseverance and firmness over speed.”
“The case for continuing to remove policy accommodation is clear, but the policy rate spike is probably just speculation at this point.”
“A sustained policy response is required to tackle inflation; only careful observation of the economy will show how much more tightening is required.”
“The Fed must clearly signal its decision to reduce the balance sheet.”
“There may be benefits to announcing desired reserve levels as the balance sheet shrinks.”
market reaction
The dollar index showed no immediate reaction to these comments and was last seen losing 0.6% on the day at 109.00.
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.
