In an interview with CNBC on Friday, the Federal Reserve President (Frent), Googlesbee, said that he is on the way to inflation by 2 %, per Reuters.
Main meals
“Policy uncertainty may affect prices.”
“With uncertainty, it should slow down with interest rates towards neutrality.”
“We have several months of strong performance of inflation about 2 %.”
“I still think the rates will be less than 12 to 18 months from now.”
“The labor market looks stable around full work.”
“If the uncertainty in politics affects prices, it affects the Federal Reserve.”
“A single time increase in definitions in theory is temporary, it may not be needed to respond to politics.”
“The basic economy is on an excellent road.”
“I have no problem slowing the pace of the pieces, and feeling our way towards neutral prices.”
Market reaction
The US dollar index connects with small daily gains and was last seen at a rise of 0.15 % per day at 108.35.