Fed's Brainard: It seems likely that US rates will remain low in the future

While delivering her prepared remarks, Fed Governor Lael Brainard said that it seemed likely that the rates in the U.S. will remain low in the future. "Basic risk management principles argue for softening expected rate path when risks shift to the downside," Brainard explained.

The US Dollar Index inched lower on these remarks and was last down 0.15% on the day at 96.48. Below are some key takeaways as reported by Reuters.

"Recent weeks have brought important downside risks for u.S. Economy, including policy uncertainty."

"Recent U.S. inflation indicators have been disappointing, making it important to sustain momentum."

"Most likely path for the U.S. economy remains solid."