Fed's Rosengren: Fed could start reducing asset purchases this fall – WSJ

In an interview with the Wall Street Journal, Boston Federal Reserve President Eric Rosengren said that the Fed could be in a position to taper asset purchases this fall.

Rosengren further noted that the US economy continues to improve despite the rising cases of coronavirus Delta variant infections.

"We've obviously had higher inflation outcomes than we anticipated and I believe that substantial further progress on inflation has already been achieved," Rosengren added.

Market reaction

These comments don't seem to be having a noticeable impact on the USD's performance against its rivals. As of writing, the US Dollar Index was up 0.12% on the day at 92.62.