Fed's Bostic: US needs to be well beyond crisis before raising rates

Atlanta Federal Reserve President Raphael Bostic argued on Monday that the US needs to be "well beyond the crisis" before considering a rate hike, as reported by Reuters.

Bostic further noted that they need to continue to monitor prices and added that conditions to raise rates could be met toward the end of 2022.

Market reaction 

These comments don't seem to be having a significant impact on the greenback's performance against its major rivals. As of writing, the US Dollar Index was up 0.13% on a daily basis at 92.90.