The president of the Federal Reserve Bank of San Francisco, Mary Daly, noted on Monday that it was not disappointed with the April jobs report because it expected volatility, as reported Reuters.
Additional declarations
“We are in a state of transition, I am still encouraged.”
“We shouldn’t call it a worker shortage, it’s a bottleneck.”
“The labor market is in a state of flux and there are many limitations.”
“We could see inflation above 2% this year, but it will be transitory.”
“This is not yet the time to talk about QE tapering.”
“We are a long way from home; there is still no time to think or talk about the set-up.”
“Fed policy is necessary for the economy to accelerate again, but we must ensure that the financial system is resistant to shocks.”
“We are a long way from normalization.”
Market reaction
The US Dollar Index It did not show an immediate reaction to these comments and was last seen losing 0.15% on the day at 90.09.
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