The market is selling the US dollar, what are economists saying
Goldman Sachs:
Fed Chair Janet Yellen emphasized downside risks to the US economic outlook stemming from slower global growth in a dovish speech at the Economic Club of New York. Yellen highlighted the weaker global growth environment coupled with the FOMC’s "asymmetric" capacity to respond to economic shocks as the key reason for the Committee’s lower path for the funds rate in March. On inflation, Yellen acknowledged that that core inflation had risen "somewhat more" than she expected in December, but said it is "too early to tell if this recent faster pace will prove durable" and expressed concern about downside risks arising from lower inflation expectations
