The US economy is at the beginning of a very strong recovery, the president of the Minneapolis Federal Reserve, Neel Kashkari, As reported Reuters.
Featured statements
“We are still in a deep hole.”
“We expect to see some of the very high inflation readings return to normal.”
“I think millions of Americans will come back out of the job market.”
“Minimum maximum employment means returning to pre-COVID level of employment.”
Market reaction
These comments were largely ignored by market participants and the US Dollar Index was last seen to lose 0.23% on the day at 91.60.
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