Richmond Federal Reserve Bank President Thomas Barkin, said Thursday that labor and supply challenges are likely to last into the summer, Reuters reported.
Featured statements
“The question of how to unblock the labor market will be critical to the recovery.”
“The restrictions could limit the potential upside in overall growth.”
“The expectations, the business outlook, do not point to a persistent multi-year jump in inflation.”
Market reaction
These comments do not appear to have a significant impact on the performance of the dollar against its rivals. At the time of writing, the US dollar index it was down 0.12% on the day to 90.66.
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