Atlanta Fed President Raphael Bostic, said Thursday that it is not concerned about rising U.S. Treasury yields as they remain low from a historical perspective, as reported Reuters.
“It is clear that monetary policy must focus on the immediate term, without waiting for the need to think about a reduction for a while.”
“The repair of the labor market will take a while, it is safe to think that it will continue in 2022.”
“Shift from bond purchases to longer-term securities that are not at the forefront of policy discussion.”
“Seeing no signs that SPACs or other new financial tools are introducing significant risk to the financial system.”
“Excessive inflation is not something the Fed has to worry about for long.”
The US Dollar Index It extends its recovery thanks to rising US Treasury yields and was last seen posting small daily gains at 90.19.