Fed Logan and Jefferson comments US economy 💵 Weaker EURUSD

Federa Reserve member Lorie Logan told that, inflation data are not indicate pause in current Fed rate hike cycle. After those comments EURUSD is still weakening. Also Jefferson from Dallas Fed commented US economy today.

Fed Jefferson 

• Evidence so far suggests only a modest gradual tightening of credit conditions due to recent banking stress.
• Core services inflation excluding residential real estate is stubbornly high
• Demand has clearly begun to feel the effects of the increases.
• 1 year is too short to feel the effects of policy.
•  Inflation is too high, and progress is slowing.
• I'm going to consider the uncertainty of credit tightening.
• It's hard to say how much bank stress will reduce lending.

Logan Fed

• I remain concerned about whether inflation is falling fast enough.
• The Fed has not yet made the progress on inflation that we need.
• Inflation is too high and restoring price stability is critical.
• Evidence in the coming weeks may continue to indicate that skipping the meeting is acceptable. However, we are not there yet at the moment.
• Data so far do not justify skipping a rate hike in June.
• Data at the moment do not support a delay in rate hikes.

Source: xStation5