In an interview with the Wall Street Journal, Kansas City Fed President Esther George argued that bringing inflation down without causing a recession might not be feasible, as reported by Reuters.

George further noted that it would make sense for the Federal Reserve to slow the pace of rate increases next year.

Market reaction

These comments don't seem to be having a significant impact on the US Dollar's (USD) performance against its major rivals. As of writing, the US Dollar Index was down 0.6% on the day at 105.94.