“It would be extraordinary if inflation went up to 3%, and if it did, it wouldn’t be a real problem,” he said Wednesday. the president of the Federal Reserve Bank of Chicago, Charles Evans, Reuters reported.
Featured statements
“Looking for a strong rebound in the US economy this year.”
“There is still a huge gap in employment.”
“I am optimistic about the recovery.”
“Unemployment is expected to approach 5% by the end of the year.”
“You would need to see inflation go above 2% to even think about getting nervous.”
“If the stimulus is enacted as proposed, you would not expect to have to modify the asset purchase program.”
“I never want to lose credibility on the inflation target.”
“The inflation of 2.5% does not worry me; 3% on the way to 4% could be a problem.”
Market reaction
The US Dollar Index It did not show an immediate reaction to these comments and was last seen posting small daily gains at 90.88.
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