Federal Reserve Governor Christopher Waller said on Friday that it was too soon to say whether inflation was moving meaningfully and persistently downward, as reported by Reuters.

Key takeaways

“I support another significant hike in two weeks.”

“The pace of tightening is uncertain; it will depend on the data.”

“Fears of a recession have faded; robust US labor market is giving us the flexibility to be aggressive in our fight against inflation.”

Market reaction

The US Dollar Index showed no immediate reaction to these comments and was last seen losing 0.6% on a daily basis at 109.00.

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