Susan Collins of the Federal Reserve spoke today on Bloomberg, signaling uncertainty over the Fed’s future policy decisions as both inflation risks and labor market slowdown remain significant. The euro-dollar pair is edging higher today.
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Policy is modestly restrictive, which is appropriate.
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I am not particularly worried about inflation expectations moving higher.
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Dual mandate risks are in a delicate balance.
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There is no firm decision yet on what we will do at the next meeting.
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Job growth is slowing, but there are arguments for taking more time.
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I do not rule out a larger and more persistent impact of tariffs on inflation.
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In discussions across the Boston Fed district, I hear a lot about inflation.
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I am focused on how downside risks are evolving.
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I see upside risks to inflation as well as downside risks in the labor market.
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We cannot wait for all uncertainty to be behind us.
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Overall economic fundamentals are relatively solid.
The U.S. dollar has been weakening against the euro since early morning. At around 4:00 p.m. in Jackson Hole, Fed Chair Jerome Powell is scheduled to speak.
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Source: xStation5
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