Fed's George: Outlook suggest Fed can begin adjusting purchases this year

In an interview with Fox Business on Thursday, Kansas City Fed President Esther George said that there has been good progress on the economy, as reported by Reuters.

Additional takeaways

"Inflation is coming in strong, suggests opportunity to dial back asset purchases."

"Communication in September meeting will reflect discussions on the taper."

"Less precise about dates than saying sooner rather than later; outlook suggest Fed can begin to make adjustments this year."

Market reaction

These comments don't seem to be having a significant impact on the USD's performance against its rivals. As of writing, the US Dollar Index was posting small daily gains at 92.85.