The president of the Federal Reserve of Minneapolis, Neel KashkariHe said that the United States has very high inflation, but that it is not being driven by wages.
main comments
We have to reduce inflation.
Once we bring inflation down, we can return to the pre-pandemic economy, with low inflation, low unemployment, and decent wage growth.
Supervisors of our banks at the Minneapolis Fed focus on exposure to interest rate risk.
The tensions in the Bank usually take longer than you think to overcome.
I’m prepared this could take longer than we expect.
The vast majority of banks have taken interest rate risk seriously.
The banking system is solid.
What is not clear is to what extent the banking tensions of the last few weeks are causing a sustained contraction of credit.
The US debt ceiling needs to be raised.
Let’s hope the political parties come together to ensure that the US can pay its bill.
US dollar update
The DXY, an index that measures the value of the US dollar against a basket of currencies, fell on Thursday as fears about problems in the banking sector, encouraging economic signals from the chip industry and the rise in prices of the chip were eased. Petroleum. On the DXY weekly chart, the dollar is nearing support and the M formation, a reversal pattern, could prevent the price from going much lower at this point.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
