Before raising the federal funds rate, the Federal Reserve would reduce asset purchases, the president of the Fed de Filadelfia, Patrick Harker, as reported by Reuters.
Featured statements
“The 3% inflation is about the maximum I would like to see.”
“The Fed has the tools to deal with accelerating inflation.”
“Inflation expectations are not ruled out.”
“We need to invest in our infrastructure to keep the economy going.”
“There will be obstacles to reactivating the economy.”
“The supply shortage will be solved.”
“There may be a mismatch between skills and location between jobs and workers.”
“Some workers may be looking for better jobs.”
“Unemployment benefits may be playing a role.”
“Some people left the workforce due to school closings.”
Market reaction
The US Dollar Index showed little to no reaction to these comments and was last seen losing 0.13% on the day at 90.16.
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