“We should push the economy aside at the first opportunity from the Federal Reserve’s super-flexible policy,” he said on Friday. the chairman of the Federal Reserve Bank of Dallas, Robert Kaplan, Reuters reported.
“The challenge will be to find the balance between being too pre-emptive and coming too late to politics,” Kaplan added.
Market reaction
The dollar was unable to capitalize on these bullish comments. At the time of writing, the US dollar index (DXY), which tracks the performance of the USD against a basket of six major currencies, was down 0.1% on the day to 91.57. On a weekly basis, the DXY is down 0.66%.
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