“I hope we can advance a lot this year in employment, it will depend on vaccines and the coronavirus,” said the president of the Minneapolis Federal Reserve Neel Kashkari, Reuters reported.
Featured statements
“It would be great to return to full employment by 2023.”
“We need to go back to where we were before the pandemic and we have to go further.”
“When the job market gets tight enough for wage growth to pick up, you get 2% inflation, that’s full employment.”
“I’m not worried about inflation.”
“We are not concerned with the ability or willingness of the Fed to deal with high inflation; we have to get there.”
“The actual 10-year return is basically flat from last summer.”
“A spike in real yields would worry me, it might justify a policy response, but I don’t see that.”
“Recent movements in the Treasury market suggest that the Fed framework is delivering what we wanted.”
“I’m not worried about the wartime COVID spending that we have to do right now.”
Market reaction
The US Dollar Index largely ignored this report and was last seen gaining 0.37% on the day at 91.97.
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