Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee told Bloomberg TV on Tuesday that the improved monthly inflation readings feel like they are on a path to 2%, per Reuters.

Key takeaways

"Still grappling with housing inflation."

"There are some warning signs in the job market."

"Restrictive rates for too long could be a problem."

Market reaction

The US Dollar (USD) preserves its strength following these comments. At the time of press, the USD Index, which tracks the USD's valuation against a basket of six major currencies, was up 0.2% on the day at 106.03.