Fed's Barkin: We'll taper when we get to substantial further progress

Eren Sengezer FXStreet

Richmond Federal Reserve Bank President Thomas Barkin said on Friday that the Fed will taper then they get to "substantial further progress," as reported by Reuters.

Meanwhile, Atlanta Federal Reserve President Raphael Bostic noted that he will be data-drive when thinking about the policy. "I am monitoring the marketplace, trying to discern between transitory and permanent to find the right time for a policy change," Bostic added.

Market reaction

The US Dollar Index, which tracks the USD's performance against a basket of six major currencies, keeps its firm footing after these comments and was last seen gaining 0.35% on the day at 90.05.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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