Boston Fed President Susan Collins said on Monday that their priority is to bring inflation down and argued waiting to do that would only make it harder, as reported by Reuters.

"A softish landing is challenging but some aspects of the current economy favor it," Collins added but also acknowledged that there are risks on both sides.

Market reaction

These comments don't seem to be impacting the dollar's performance against its major rivals in a significant way. As of writing, the US Dollar Index was up 0.35% on the day at 113.43.