“If people are reluctant to get vaccinated and there are still a lot of infections that could make some people reluctant to go back to work,” the president of the Boston Federal Reserve Eric Rosengren, Reuters reported.
Featured statements
“We should not overreact to expected temporary price movements.”
“The unemployment rate may be in the full employment range by the end of next year.”
“This will be an unusual recovery in how fast we are growing.”
“You will have to pay close attention to make sure the dynamics of inflation don’t change.”
“The Fed has the tools to react if inflation becomes problematic.”
“It is premature at this point to focus on reducing purchases.”
“The time to cut will come and the Fed has no interest in surprising the markets.”
“The Fed will have to think about how fast to cut Treasuries against the mortgage-backed market.”
“I would be concerned if house prices started to rise too fast.”
“The rapid rise in house prices would be a concern for financial stability.”
“The problem that caused money market funds to run last year has yet to be corrected.”
“There is an open question about what happens to commercial real estate and how many people are going back to work.”
Market reaction
The US Dollar Index clings to modest daily gains above 91.30 after these comments.
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