“We are in the midst of an unprecedented rebound in the US economy,” the governor of the Federal Reserve Lael Brainard, Reuters reported.
Featured statements
“I have been expecting some higher inflation readings in the short term due to base effects.”
“Prices are recovering from pandemic lows and some price increases are linked to an increase in demand,”
“Aid payments and other aid are affecting spending.”
“Some bottlenecks and supply chains are contributing to inflation.”
“Price pressures linked to bottlenecks and reopening are expected to diminish over time.”
“If we saw inflation persistently moving above our targets, the Fed has the tools to guide inflation down.”
Market reaction
These comments do not appear to have a significant impact on the performance of the dollar against its rivals. At time of writing, the US Dollar Index was down 0.12% on the day at 89.92.
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