The Governor of the Federal Reserve, Lael Brainard, noted Tuesday that labor demand and labor supply are recovering at different rates, adding that there are frictions, as reported Reuters.
Featured statements
“Employment will be sought to be closer to the assessment of full employment.”
“It will be sought that inflation is approaching in a sustainable way to 2%”.
“We hope to make progress on both the employment front and the inflation front.”
“Market surveys suggest that our reaction function has communicated quite well.”
“The Fed aims to achieve broad-based and inclusive maximum employment and eliminate deficits.”
“We hear a lot about people who cannot go back to work due to fear of viruses.”
“Less than 1 in 4 of the working-age population were vaccinated at the time of the April employment report.”
“People want to go back to work and they are willing.”
Market reaction
The US Dollar Index It largely ignored those comments and was last seen losing 0.2% on the day at 90.09.
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