Dallas Federal Reserve Chairman Robert Kaplan said on Wednesday it would welcome firmer inflation as it is consistent with economic growth, but noted that they should monitor prices carefully, as reported. Reuters.
Additional statements
“How much of a firmer inflation is temporary or persistent will be analyzed.”
“Greater US fiscal stimulus, other things being equal, would boost growth, jobs and inflation.”
“As the US wears off the virus, it would be healthier to abandon the Fed’s extraordinary policy as soon as possible.”
“Racing to vaccinate against variants of the coronavirus, virus management remains the main economic concern.”
Market reaction
The US Dollar Index It did not show an immediate reaction to these comments and was last seen gaining 0.5% on the day at 90.97.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
