Fed's Barkin: Focused on economic data, not the markets
|Additional comments from Richmond Fed President Barkin cross the wires as he continues to speak in an interview with Bloomberg. Below are some key quotes, per Reuters.
"The U.S. labor market is tight."
"Fed will discuss what to do with balance sheet if they decide to change rates."
"Focused on economic data, not the markets."
"US fiscal path is not sustainable"
"Hopes and expect that Trump will not remove Fed chairman Powell."
"There is still a lot of important economic data to come before next Fed meeting."
The US Dollar Index stays calm a little above the 97 mark following these remarks.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.