In an interview with CNBC on Friday, the Fed governor, Christopher Waller, said they are happy to allow inflation to rise above 2%, as reported Reuters.
Outstanding conclusions
“I don’t think anyone is comfortable if inflation hits 3% or more and stays that way for a while.”
“The dot plot is a problem right now.”
“It’s about results; we shouldn’t be forecasting based on the calendar.”
“The markets are getting ahead of themselves in terms of expectations of rate hikes.”
“If you measure it by levels, we are still in recession.”
“I’m thinking in levels, not growth rates.”
Market reaction
The dollar remains on the defensive after these comments and the US dollar index it was last seen shedding 0.15% on the day at 91.53.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
