The dollar index, which measures the greenback against six major peers, dipped to 95.563 in the Asian session, the lowest since November 30.
But he said policymakers were still debating approaches to reducing the Fed’s balance sheet, and said it could sometimes take two, three or four meetings for them to make such decisions. Atlanta Fed President Raphael Bostic, for example, said on Monday that high inflation and a strong recovery warrant a rapid rundown of Fed asset holdings.
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