Federal Reserve Governor Lael Brainard, said Tuesday that it will monitor inflation data on a variety of measures, as reported Reuters.
Featured statements
“Looking for measures to patrol in search of atypical values.”
“It will also analyze wage inflation measures.”
“We will be carefully monitoring salary data that controls composition effects.”
“Temporary factors are affecting inflation, but inflation is expected to move toward target after the reopening phase.”
“Sustained inflation at 2% is the Fed’s target; temporary factors don’t provide many signals.”
“The objective of the Fed’s asset purchases is to push down long-term rates.”
“During the period of stress in March 2020, asset purchases also smoothed out the market.”
“The composition of asset purchases reflects the pace of MBS and Treasury bonds since June last year.”
“The Fed has chosen to maintain that composition to provide certainty about the trajectory of purchases over time.”
“The composition of the Fed’s asset purchases is effective in achieving the monetary policy objective.”
“Composition is effective in achieving our goals.”
“The current housing situation is not comparable to 2008.”
“Market participants understand the Fed’s reaction function.”
Market reaction
The US Dollar Index it remains flat on the day at 89.83 after these comments.
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