Fed's Barkin: Pretty optimistic about labor market

Thomas Barkin, President of the Richmond Federal Reserve Bank, said on Monday that he is pretty optimistic about the labor market and added that he expects to see progress "in relatively short order," as reported by Reuters.

"The Fed has had substantial further progress against the inflation goal," Barkin further noted and said he wants to look at the Fed's progress against its goals next year in assessing monetary policy."

Market reaction

These comments were largely ignored by market participants and the US Dollar Index was last seen posting small daily gains at 91.87.