The Fed Doesn’t Anticipate Inflation Getting Out of Control – Patrick Harker

11

Get real time updates directly on you device, subscribe now.

Philadelphia Fed President Patrick Harker, noted Tuesday that the economic recovery in the United States remains “a bit fragile,” as reported Reuters.

Additional declarations

“The speed of inflation matters, not just the level.”

“There are many reasons, including technology and globalization, that keep prices low.”

“In the long term, the Fed wants inflation to be slightly above 2% because it has been consistently below target.”

“The Fed does not expect inflation to get out of control.”

“The Fed knows the tools to deal with higher inflation.”

“Johnson & Johnson Vaccine News May Raise More Vaccine Questions.”

“If we don’t get herd immunity, we won’t fully recover the economy.”

“Removing the accommodation does not make sense at this point.”

“The Fed has time to move because inflation is not getting out of control.”

“If inflation gets out of control, the Fed will act accordingly.”

Market reaction

The dollar remains on the defensive after these comments. At time of writing, the US Dollar Index was down 0.22% on the day to 91.88.

.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.