fxs_header_sponsor_anchor

News

Fed's Goolsbee: Makes sense to wait to get more clarity before moving

Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step.

Key takeaways

"Progress on US inflation has stalled."

"Fed's current restrictive monetary policy is appropriate."

"Proper Fed policy going forward will depend on the data."

"Still hopeful for return to improvement on inflation in months ahead."

"Persistently high housing inflation is main short-run problem."

"There is more space for progress on services inflation from labor supply increases."

"Need to determine if strong GDP, jobs numbers are a sign of overheating that is driving up inflation."

"Not all data suggest labor-market overheating."

Market reaction

The US Dollar Index stays in negative territory near 106.00 following these comments.

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.