Dallas Federal Reserve Chairman Robert Kaplan said on Friday he would rather wait for more clarity on the trajectory of the virus before the Fed gives more guidance.
The economy rebounded fairly robustly through June and then slowed, but economic data has strengthened in recent weeks.
The unemployment rate could end the year closer to 8% unless there is a greater resurgence of the virus.
“Eager to have a little more inflation so that the labor market strengthens and brings in under-represented groups.”
The US dollar index continues to push lower and was last seen losing 0.85% on the day to 92.21.