Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee told CNBC on Monday that the Fed’s monetary policy is tight and added that a slowdown in inflation data will open the door to easier policy, according to Reuters.
Key conclusions
“We will optimistically see improvement in inflation data.”
“I hope the Fed will increase confidence inflation, getting back to 2%.”
“The economy shows signs of cooling beyond inflation data.”
Market reaction
In response to these comments, the US dollar remains under moderate bearish pressure. At the time of this publication, the USD index fell by 0.25% to 105.55.
