Federal Reserve Vice Chairman Richard Clarida he said Thursday that he believes downside risks to the economy have greatly lessened, according to Reuters.
Additional declarations
“My baseline outlook is optimistic.”
“It’s important to focus on getting the maximum job.”
“All the inflation measures that we follow are below 2%
“We will see inflation compared to last year’s price collapse, as well as due to stifled demand.”
“My benchmark view is that short-term inflation movements are likely to be transitory.”
“General financial conditions remain very accommodative.”
“The increase in yields since last summer reflects optimism about the recovery, vaccines, fiscal support and the ability of the Fed to bring inflation to 2%.”
“If rates go up because of strong growth, employment will not necessarily be a concern.”
Market reaction
The US Dollar Index is holding on to daily gains of around 92.70 after these observations.
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