The president of the Federal Reserve Bank of San Francisco, Mary Daly, it said on Tuesday that it expects a temporary price increase, Reuters reported.
“A little inflation would be good for us.”
“The right time to reduce support for the economy is when we are much closer to our goals.”
“We’ve only had a couple of good months of data.”
“We are very far from the objectives, it is not the right time to start talking about policy normalization.”
“We are a long way from doing it, but I hope to cut the bond buying program before raising rates.”
The US Dollar Index It did not show an immediate reaction to these comments and was last seen gaining 0.32% on the day at 91.25.