NEW YORK, May 22 — The US dollar edged up against the euro on Tuesday, as Federal Reserve policymakers said it is prudent for the US central bank to wait several more months to ensure that inflation really is back on a path to the 2 per cent target before commencing interest rate cuts.
Fed Governor Christopher Waller told the Peterson Institute for International Economics in Washington, on Tuesday, he would need to see several more months of good inflation data before he would be comfortable supporting an easing in the stance of monetary policy.
Fed Chair Jerome Powell, in his press briefing after the Fed held rates steady earlier this month, also ruled out rate hikes.
Us Dollar
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