Open Demo Account
Home / Market Update / Forex Market / Fed’s Barr: Important to ask how long to hold onto tightening policy

Fed’s Barr: Important to ask how long to hold onto tightening policy

Mohamed Abdelhamid 2 October, 2023 10:27 pm Forex Market, Market Update

Michael Barr, Vice Chair for Supervision of the Federal Reserve, stated on Monday that the central bank should implement monetary policy cautiously.

The most important question, in his opinion, is not how much higher interest rates will rise, but rather how long they will stay at a level that is appropriately restrictive.

According to Barr, the labour market is constrained but is gradually striking a better balance between the supply and demand for workers.

Regarding the future for the economy, Barr expressed confidence that the Fed can manage inflation without materially worsening the labour market.

The US Dollar Index is up 0.60% and is currently trading at 106.80. It is on track to close at its best level since November.

Tags

Check Also

Japanese Yen Slides Toward 40-Year Lows as Markets Doubt Immediate Government Action

The Japanese Yen came under renewed selling pressure at the start of the week, pushing …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends