“The latest employment report is a reminder that the results obtained may differ from projections and underlines the value of patience,” said the governor of the Reserva Federal, Lael Brainard, As reported Reuters.
Featured statements
“The outlook is bright, but we are far from our goals.”
“As the recovery gains momentum, it is important to patiently remain focused on the peak employment and inflation results in our guidance.”
“A limited period of pandemic-related price increases is unlikely to change the dynamics of inflation in a lasting way.”
“We will remain vigilant about the risk that inflationary pressures could prove persistent.”
“If inflation turns out to be less transitory than previously thought, we have tools to smoothly guide inflation back to our target and no one should doubt our commitment to do so.”
“Maintaining patience during the temporary rise in inflation will help ensure that progress is not limited by a premature tightening of financial conditions.”
“There are still risks of vaccinations, variants and resurgence of vaccines abroad.”
“The recovery is likely to be uneven, difficult to predict.”
“Basing monetary policy on results rather than prospects will serve us well.”
“Some of the tailwinds this year are likely to become the headwinds next.”
“He has good reason to expect a strong rebound in employment.”
“Impediments related to viruses and lack of childcare keep people from going back to work.”
Market reaction
The US Dollar Index It did not show an immediate reaction to these comments and was last seen losing 0.23% on the day at 90.06.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
