Atlanta Federal Reserve Bank President Raphael Bostic said on Friday to Bloomberg, that the central bank is likely to keep monetary policy in a restrictive territory well into 2024. He added that the Fed is on a trajectory to get to the 2% inflation target.
Asked about the recent jobs report, Bostic mentioned they were as expected and he was comfortable with the readings.
Market reaction:
The US Dollar is falling on Friday following the July NFP. Comments from Fed officials have no significant impact. The DXY is falling 0.60%, trading below 102.00.
Source: https://www.fxstreet.com/news/feds-bostic-fed-likely-to-remain-in-restrictive-territory-well-into-2024-202308041430