Yellen crossing the wires (dollar strength) "Uncertainties strengthen case for gradual rate hikes" - RTRS

Ross J Burland FXStreet

Fed's Chairwoman Janet Yellen is crossing the wires and comments so far as follows, (that are centralist/dovish . . .but seeing some dollar strength):

Gradual approach to hikes particularly appropriate in light of subdued inflation, low neutral rate
Imprudent to leave rates on hold until inflation reaches 2%
Can still achieve 2% target goal even if fed is underestimating slack or overestimating inflation expectations
Low inflation likely due to transitory factors, sees many uncertainties
Downward pressure on inflation could prove unexpectedly persistent
Considerable' odds that inflation won't stabilize at 2% over next few years
Risk that inflation expectations are not as well-anchored as they appear
Data suggests labour mkt is healthy, without substantial slack & not overheated
Evidence on labour mkt not definitive, says Fed must be 'open-minded'

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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