Fed's Barr: Fed in good position to hold steady and watch economy
Source Fxstreet
Federal Reserve Vice Chair for Supervision Michael Barr said on Monday that the Fed is in a good position to hold the policy steady and watch the economy, per Reuters.
Key takeaways
"Q1 inflation was disappointing, did not provide the confidence needed to ease monetary policy."
"Fed will need to allow tight policy further time to continue to do its work."
"Vigilant to the risks to both inflation and employment mandates."
"Current approach is prudent to manage both sets of risks."
Market reaction
The US Dollar Index edged slightly higher and was last seen gaining 0.1% on the day at 104.60.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
The Dogecoin price is once again in the spotlight, stirring up bullish excitement as a crypto analyst predicts a potential 58% upside move in the near term.
Gold price (XAU/USD) is building on the previous day's goodish recovery from the $3,248-3,247 region or a one-month low and gaining positive traction for the second successive day on Tuesday.
On 1 July 2025, the Eurozone will release its June inflation data.
Bitcoin (BTC) slips below $107,000 at the time of writing on Tuesday, continuing a mild pullback from the previous day.
