“I think it’s much prematurely to think of cutting interest rates,” Federal Reserve Bank of Dallas President Lorie Logan stated on Friday, pointing out upside runs the risk of to inflation.
Secret takeaways
“Need to see more of the unpredictability fixed about which financial course we’re on.”
“Increasingly worried about upside danger to the inflation outlook.”
“FOMC needs to stay ready to react properly if inflation stops falling.”
“Difficult to forecast precisely when over night reverse repo balances will be diminished.”
“Believe it will quickly be suitable for the FOMC to choose when to slow – not stop – the overflow of our possession holdings.”
“Slower however still significant run-off rate will supply more time for banks and cash market individuals to rearrange liquidity and for the Fed to evaluate liquidity conditions.”
“Taper will likewise decrease the danger of going too far.”
“Taper ought to not have much result on more comprehensive monetary conditions.”
“Taper is unassociated to factors to consider of the proper degree of policy constraint.”
“Not all set to put greater pattern performance in my standard outlook.”
Market response
The United States Dollar Index hold on to modest day-to-day gains near 104.40 following these remarks.
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