Fed's Harker supports start of bond-buying pullback later this year – WSJ
|Philadelphia Federal Reserve Bank President Patrick Harker told the Wall Street Journal that he supports the start of bond-buying pullback later this year, per Reuters.
On a similar note, Dallas Fed President Robert Kaplan told Bloomberg TV on Wednesday that he would prefer to taper before the end of the year.
Market reaction
The greenback continues to outperform its major rivals following these comments. As of writing, the US Dollar Index was trading at its highest level since early April at 92.57, rising 0.23% on a daily basis.
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.