Fed's Powell: May raise rates past 'neutral'

Eren Sengezer FXStreet

Additional comments from Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, continue to cross the wires with key quotes, via Reuters, found below.

May raise rates past 'neutral'.
Rates need to be gradually moving toward normal.
Rates still far from neutral, accommodative.

Following these hawkish remarks, the greenback gathered strength against its peers and the US Dollar Index advanced to its highest level since August 20 at 95.87.

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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