Fed's Daly: It is premature to start talking about rate increases
|In an interview with CNN on Thursday, San Francisco Federal Reserve Bank President Mary Daly said they are at a point where they feel they can taper bond purchases, as reported by Reuters.
Additional takeaways
"It is premature to start talking about rate increases."
"Price increases will last as long as COVID is with us; as covid subsides, pressures will ease."
"Bottlenecks causing price rises are related to COVID."
"If Fed pulls back on accommodation, I bet won't solve the supply-chain problem."
"Near-term inflation outlook won't be affected by decisions on infrastructure spending."
Market reaction
The greenback remains on the back foot following these comments and the US Dollar Index was last seen posting small daily losses at 93.92.
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.