Thomas BarkinChairman of the Federal Reserve Bank of Richmond said Thursday that he expects short-term inflation pressures to ease towards the fourth quarter of the year, Reuters reported.
Relative price stability is likely to outweigh a few months of price increases, Barkin argued.
Market reaction
These comments do not appear to be having a noticeable impact on the performance of the USD against its main rivals. At time of writing, the US Dollar Index was virtually unchanged on a daily basis at 91.75.
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