Boston Fed Chair Susan Cullen (non-voting member) at the Fed Listens event on COVID, said:
Since she talks about Covid and is supposedly a rearview mirror story and influence, we may not get more, but we will be looking for other comments on the economy or monetary policy.
On May 25, Fed’s Collins expressed the view that a pause in price action will give value Federal Reserve
Federal Reserve
The Federal Reserve System, more commonly known as the Federal Reserve, represents the central banking system of the United States. Like other central banks globally, the Federal Reserve Bank is in charge of monetary policy, in this case in the United States, the Federal Reserve is one of the most watched and tracked entities for forex traders, due to its material impact on the US dollar. Initially established in 1913, the Federal Reserve Bank was created to perform a wide variety of functions. This includes stabilizing and maintaining flexible monetary policy
The Federal Reserve System, more commonly known as the Federal Reserve, represents the central banking system of the United States. Like other central banks globally, the Federal Reserve Bank is in charge of monetary policy, in this case in the United States, the Federal Reserve is one of the most watched and tracked entities for forex traders, due to its material impact on the US dollar. Initially established in 1913, the Federal Reserve Bank was created to perform a wide variety of functions. This includes stabilizing and maintaining flexible monetary policy
Read this term Space to measure the impact of previous actions. Collins suggested that the Fed may be in time or soon to pause rate hikes, noting that while inflation remains very high, there are promising signs of moderation. Collins emphasized the importance of making political decisions based on a comprehensive assessment of the available information.
In a Q&A that day, Collins stated that the baseline forecast does not expect a major economic slowdown, but stated that a modest increase in unemployment would not be surprising. In addition, Collins acknowledged that the decline in inflation has been slower than expected. This perspective adds some backing from the more dovish stance within the Fed, revealing a clear gap regarding future rate hikes.