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.
-
Policy is modestly restrictive, which is appropriate.
-
I am not particularly worried about inflation expectations moving higher.
-
Dual mandate risks are in a delicate balance.
-
There is no firm decision yet on what we will do at the next meeting.
-
Job growth is slowing, but there are arguments for taking more time.
-
I do not rule out a larger and more persistent impact of tariffs on inflation.
-
In discussions across the Boston Fed district, I hear a lot about inflation.
-
I am focused on how downside risks are evolving.
-
I see upside risks to inflation as well as downside risks in the labor market.
-
We cannot wait for all uncertainty to be behind us.
-
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.

Source: xStation5
🟡⬇️Gold at its lowest since March
🛢️WTI Crude Below 90 USD Tests the 100-Session Average
US Open: Indices Continue Rebound, Driven by Tech Stocks and Falling Oil Prices
Market Wrap: The “Bulls” Are Back on the European Trading Floor 💥