Fed’s Bostic: Being Fed chairman is a very large job

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On Monday at the Rotary Club of Atlanta, Federal Reserve Bank (Fed) President Raphael Bostic said that no one anticipates a deterioration in the labor market and that the economy will reach balance by mid-year.

Key conclusions

The U.S. economy looks resilient even before taking into account tax cuts and deregulation.

Forecasts for the first hour of 2026 predict good economic performance, inflation will remain high, which is a cause for concern.

Nobody predicts a deterioration in the situation on the labor market.

It will achieve economic balance by mid-year.

The position of Fed chairman is a very large job.

For policy to move in the desired direction, trust must be built within the committee, and wisdom and guidance must be exercised.

This is a huge undertaking for Warsh, I wish him all the best.

He has a hard task. not entirely with tariff-driven inflation.

It is too early to say that inflation has been done.”

sadasda

Today’s US dollar price

The table below shows the current percentage change of the United States Dollar (USD) against the major listed currencies. The US dollar was strongest against the Swiss franc.

USD EUR GBP JPY BOOR AUD NZD CHF
USD 0.57% 0.21% 0.59% 0.60% 0.32% 0.42% 0.97%
EUR -0.57% -0.35% 0.02% 0.04% -0.25% -0.15% 0.40%
GBP -0.21% 0.35% 0.38% 0.40% 0.11% 0.21% 0.76%
JPY -0.59% -0.02% -0.38% 0.02% -0.27% -0.16% 0.38%
BOOR -0.60% -0.04% -0.40% -0.02% -0.28% -0.18% 0.36%
AUD -0.32% 0.25% -0.11% 0.27% 0.28% 0.09% 0.65%
NZD -0.42% 0.15% -0.21% 0.16% 0.18% -0.09% 0.56%
CHF -0.97% -0.40% -0.76% -0.38% -0.36% -0.65% -0.56%

The heat map shows the percentage changes of the major currencies relative to each other. The base currency is selected from the left column and the quote currency from the top row. For example, if you select the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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