Federal Reserve Bank of Richmond President Thomas Barkin remarks being reported. He is sounding vague on moves lower for Fed Funds rates:
- hope to eventually bring interest rates back to normal
- a lot of frenzy has been taken out of the housing market
- seeing banks pull back credit, a not-unexpected outcome
USD barely changed on these remarks.
This article was written by Eamonn Sheridan at www.forexlive.com.