New York Federal Reserve President John Williams said on Monday that the data and conditions they are seeing now are not nearly enough for the FOMC to shift its monetary policy stance, as reported by Reuters.
"Despite strong growth, we are still far from our goals of maximum employment and price stability."
"Expecting inflation to come back down to 2% next year after short-run imbalances have played out."
"The speed of the recovery will also depend on the global picture."
"Real GDP could increase by around 7% this year."
"The US economy is expected to grow this year at the fastest rate since the early 1980s."
The greenback continues to have a difficult time finding demand after these comments. As of writing, the US Dollar Index was down 0.4% on the day at 90.94.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.