Fed’s Brainard: Will soon be appropriate to reduce the pace of its interest rates hikes
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It will soon be appropriate for the Federal Reserve to reduce the pace of its interest rates hikes, Fed Vice Chair Lael Brainard said on Monday.
“I do think there is very strong agreement among committee members about the need to show resolve,” Brainard said in an interview with Bloomberg in Washington.
“But we do have, and I think this is really important, we do have very full discussions among committee members…(about) how much restraint, for how long, what data do we look at…So I think there’s healthy discussions and I do believe that it’s going to be very important to have those different perspectives informing our policy deliberations.”
Her comments follow Fed’s Christopher Waller who sparked a bid into the US Dollar at the start of the week when he said, Friday’s inflation report was “just one data point,” and that markets are “way out in front”. He added ”will need to see a run of CPI reports to take a foot off the brake. ”
DXY is in a phase of accumulation for the start of the week as per the hourly chart above.
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