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FxWirePro: Daily Commodity Tracker - 21st March, 2022 
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Several FOMC policymakers have remarked on the monetary policy throughout the week. Here is the compilation of the key remarks,
- Lael Brainard: As a member of the board of Governors of the U.S. Federal Reserve she is a voting member this year and next. In her latest remarks this week, Ms. Brainard has called for caution when it comes to hiking rates as inflation is low. According to her, inflation is falling well short of Fed’s target.
- Robert Kaplan: President of the Federal Reserve Bank of Chicago, Robert Kaplan warned against hikes citing low inflation. However, he feels that balance sheet should start shrinking.
- Neel Kashkari: President of the Federal Reserve Bank of Minneapolis, Neel Kashkari not only warned against further hikes citing low inflation, he said that the current rate hikes were too fast and might have harmed the economy.
- William Dudley: New York Fed President William Dudley is a permanent voting member. One of the most influential policymakers on the board remains in support of rate hikes as he feels that economy warrants gradual removal of monetary accommodation.
Federal Reserve will announce monetary policy on 20th September, when it is expected to begin reducing its $4.5 trillion balance sheet.
The dollar has suffered a hit on the dovish remarks, which is currently trading at 91.27 against a basket of six currencies.
