It’s been slow going from the Fed chair thus far:
- Markets have been digesting an unusually challenging set of circumstances
- Enormous benefits of having the dollar as the reserve currency
- Asked about recent USD weakness, says markets have been digesting an unusually challenging set of circumstances
- He is open to possibility that tariff translation to inflation could be more or less than anticipated
- The bond market is functioning well
- Waiting to see what shows up in measured inflation
- Tariffs might well be a one-time inflation event
- If we make a mistake on tariff inflation, people will pay the cost for a long time
This article was written by Adam Button at www.forexlive.com.