In an interview with CNN on Wednesday, San Francisco Fed President Mary Daly reiterated that the Federal Reserve is committed to reducing inflation, as reported by Reuters.
Other comments
“Inflation has not entered the psychology of Americans.”
“Americans have faith that the Fed can bring down inflation.”
“We need more rate hikes, keep the policies in place until we’re really done bringing down inflation.”
“There is a lot of room to slow down the labor market, I hope unemployment rises to 4.5%.”
“We have a narrow path for a softer landing.”
Market reaction
These comments did little or nothing to help the dollar find demand. At the time of this writing, the US Dollar Index was down 0.6% on the day at 110.97.
Source: Fx Street
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