Federal Reserve Officials Show Divergence as US Dollar Slightly Retreats from Three-Month High
BlockBeats News, November 4th, the US Dollar edged slightly lower on Tuesday as investors weighed remarks from several Federal Reserve officials on Monday, highlighting diverging views on the issue of further rate cuts.
Fed's Bullard stated that he is not in a hurry to cut rates again due to inflation still being above the 2% target. On the other hand, Fed's Mester believed that current policy is "still too tight." San Francisco Fed President Daly said he has an "open mind" about a December rate cut. Governor Quarles did not commit to further rate cuts. (FXStreet)
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