New York Federal Reserve Chairman John Williams said Monday that it is not concerned that fiscal aid will create significant and sustained imbalances that lead to high inflation, as reported Reuters.
Featured statements
“The main objective of the Fed is to anchor inflation expectations at 2%.”
“Fiscal policy helped position the economy for a strong rebound this year.”
“The main drivers of the economy are the virus and vaccines.”
“The Fed has the tools to deal with too high inflation.”
Market reaction
The US Dollar Index It did not show an immediate reaction to these comments and was last seen losing 0.4% on the day at 90.94.
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