Fed’s Barr spoke earlier about banking regulation and is now making comments about the economy:
- Inflation is far too high
- We are quite attentive to bringing inflation down to target.
- We have made a lot of progress on inflation.
- Recent moves on rates are part of the process to move in a careful way.
- We are close but still have a bit of work to do
Comments are consistent with the Feds consensus view.
This article was written by Greg Michalowski at www.forexlive.com. Source