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post: FED'S BOWMAN: FOMC WOULD HAVE BENEFITED FROM EARLIER DECISION TO TAPER AND END QE IN 2021; WOULD HAVE ALLOWED EARLIER RATE HIKES post: FED'S BOWMAN: IN FUTURE, WHEN FED CONDUCTS QE TO RESTORE MARKET FUNCTIONING OR FINANCIAL STABILITY IT SHOULD COMMUNICATE THAT PURCHASES WILL BE TEMPORARY AND UNWOUND WHEN MARKET CONDITIONS HAVE NORMALIZED post: FED'S BOWMAN: IMPORTANT TO COMMUNICATE ANY CHANGE TO RUN-OFF RATE DO NOT REFLECT A CHANGE IN FED'S MONETARY POLICY STANCE post: FED'S BOWMAN: IMPORTANT TO KEEP REDUCING BALANCE SHEET SIZE TO REACH AMPLE RESERVES AS SOON AS POSSIBLE AND WHILE ECONOMY IS STRONG post: FED'S BOWMAN SAYS SHE WOULD HAVE SUPPORTED EITHER WAITING TO SLOW QT PACE OR A MORE TAPERED SLOWING IN BALANCE SHEET RUN OFF 28 MAY 2024 10:25:00 AM -
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The US dollar index is currently down -1.7% in May, which has effectively seen it wipe off April’s gains and snap a 4-month rally. The last time the dollar rose for four months was just ahead of the 2022 high, and if history were to repeat it points to another couple of months of the dollar’s decline and for bearish momentum to accelerate. As things stand, ...
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