Dallas Federal Reserve Chairman Robert Kaplan said Monday that it expects the unemployment rate to return to pre-pandemic levels, below 4%, in 2022, as reported Reuters.
Additional statements
“Slow improvement in mobility until June, with travel as a question mark; a revival is expected in the second half.”
“See that the Fed will have to withdraw extraordinary measures after the pandemic has been overcome.”
“The United States can finance debt as long as the dollar is the world’s reserve currency.”
“I wouldn’t be surprised if Treasury yields go up as growth prospects improve.”
“Short-term inflationary pressures would not be a surprise, they will be monitoring underlying trends.”
Market reaction
The US Dollar Index did not show an immediate reaction to these comments and was last seen losing 0.4% on the day at 90.00.
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