The Federal Reserve Governor (United States) (United States), Christopher Waller, said on Friday that he would prefer to continue the current pace for the decline in the public budget at this week’s meeting, for every Reuters.
Main meals
“The slowdown or stopping of the surface flow will be appropriate as we approach a large level of reserves.”
“From my point of view, we are not there yet because the reserve balances stand more than 3 trillion dollars and this level is abundant.”
“There is no evidence of the money market or my conversations that the banking system is close to a large level of reserves.”
“I think the superficial flow that begins in June 2024 is still correct.”
“FED has tools available to relieve unexpected market disorders and you should rely on these things and develop a plan to respond to any short -term strains.”
“Even with the pace of new slow surface flow, a plan is still needed.”
Market reaction
The US dollar index did not show any immediate reaction to these comments, and the last time was seen at 0.2 % a day at 103.98.
