Fed's George: There is more work to be done on high inflation

• Want to see at least 3 months of consistent data to know where things are going
• Too soon to say what to expect in September decision
• There is more key data coming
• Full effects of recent rate hikes may not be seen for some time
• Bringing inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term back to our target remains the focus

She is playing down any potential for the Fed to stray away from its current path as she says that "the near-term thinking about higher interest rates seems reasonable to me". But I guess markets have come to terms with that by fading the supposed Fed pivot with the dollar having strengthened back in the past two weeks. So far, there isn't much movement to her remarks at the moment.