New York Federal Reserve Chairman John Williams said Monday that the data and conditions they are seeing now are not enough for the FOMC to change its monetary policy stance, as reported Reuters.
Featured statements
“Despite strong growth, we are still far from our goals of maximum employment and price stability.”
“Inflation is expected to fall back to 2% next year after short-term imbalances have been exhausted.”
“The speed of recovery will also depend on the global outlook.”
“Real GDP could increase around 7% this year.”
“The US economy is expected to grow this year at the fastest rate since the early 1980s.”
Market reaction
The dollar is still struggling to find demand after these comments. At the time of writing, the US dollar index it was down 0.4% on the day to 90.94.
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