“There is a little more rigidity, a little less slack in the labor market than it seems from the labor force participation rate,” the president of the Federal Reserve Bank of Dallas, Robert Kaplan, As reported Reuters.
Featured statements
“Working mothers account for about 1.5 million of the 8 million jobs lost; some will not return.”
“There will be challenges in getting back to the pre-pandemic labor force participation rate.”
“The new Fed framework includes a commitment to keep inflation anchored.”
“Excesses and imbalances in financial markets can threaten the sustained achievement of the Fed’s two objectives.”
“The Fed needs to understand climate change to do its job and fulfill its mandates.”
“Climate change events can affect financial stability.”
Market reaction
These comments do not appear to have a significant impact on the performance of the dollar against its rivals. At the time of writing, the US dollar index it was down 0.32% on the day to 90.97.
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