In an interview with Yahoo Finnace, Dallas Federal Reserve Chairman Robert Kaplan, said on Friday that forecasts point to very strong growth in 2021, adding that further fiscal stimulus would strengthen the recovery, as reported by Reuters.
Additional statements
“We are still far from maximum employment, waiting for a slow improvement in the labor market.”
“Mobility and engagement should improve dramatically after more people are vaccinated.”
“Many people who are out of work will need a new training.”
“I wouldn’t be surprised to see price pressures in the short term, but they will resolve over time.”
“We are hesitating to set a timetable for when the Fed will hit the 2% inflation target.”
“The dynamics of inflation have changed due to technology and globalization.”
“We are not out of the woods yet, we are in the middle of the pandemic.”
“Once we have overcome the pandemic, it would be healthier to start eliminating asset purchases.”
Market reaction
The US Dollar Index It did not show an immediate reaction to these comments and is currently unchanged on the day at 90.41.
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