Fed members comment on US economy 🗽US dollar gains

The Federal Reserve members, Logan and Schmid commented today to US labour market, bank reserves and interest rates policy. Here is the highlight from those remarks.

Fed Logan

If the recent rise in repo rates turns out not to be temporary, the Fed would need to begin buying assets.
Layoffs and unemployment claims have stayed low, though I am mindful of recent layoff announcements.
The breakeven payroll growth has likely fallen to 30,000 jobs per month.
I did not see a need to cut rates this week; the economic outlook did not call for it.
The labor market is roughly balanced, cooling slowly.
TGCR and IORB spread is a central indicator of reserve supply.
The time has come for the Fed to modernize the target rate.
The size and timing of asset purchases shouldn’t be mechanical.
Dealers may now need to step up readiness to access SRF.
I am disappointed to see tri-party repo rates exceed the SRF rate.
There might be room for further modest decreases in reserves.
The Fed already mitigated employment risk with the September cut.
I would find it difficult to cut rates again in December.
I would’ve preferred to hold rates steady this week.

Fed Schmid

The job market is largely in balance, but inflation is too high.
A rate cut could call into question the Fed’s commitment to 2% inflation.
Monetary policy should lean against demand growth.
The Fed’s policy stance is only modestly restrictive.
A rate cut can’t address structural changes in the job market.

Source: xStation5

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
adobe_unique_id	Expiration date 364 days
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
countryIsoCode
intercom-device-id-iojaybix	Expiration date 270 days
test_cookie	Expiration date 1 hour
_cfuvid
OClmoOot	Expiration date 18262 days

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-121192761-1	Expiration date 1 hour
_gat_UA-190421227-1	Expiration date 1 hour
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
AnalyticsSyncHistory	Expiration date 29 days
__hstc	Expiration date 179 days
__hssrc
__hssc	Expiration date 1 hour
_vwo_uuid_v2	Expiration date 365 days
_gcl_au	Expiration date 89 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
guest_id	Expiration date 729 days

Cookie name	Description
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_fbp	Expiration date 89 days
fr	Expiration date 89 days
muc_ads	Expiration date 729 days
lang
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
li_sugr	Expiration date 89 days
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
MUID	Expiration date 389 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
MSPTC	Expiration date 389 days
_rdt_uuid	Expiration date 89 days

Cookie name	Description
personalization_id	Expiration date 729 days
UserMatchHistory	Expiration date 29 days
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
lang
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days

Fed members comment on US economy 🗽US dollar gains

Join over 1 700 000 investors from around the world