Dallas Federal Reserve Chairman Robert Kaplan noted on Monday that it is concerned about the downside risks of variants of the coronavirus, as reported by Reuters.
Additional conclusions
“I think mobility will improve this year if vaccines are implemented and effective against the variants.”
“The forecast of 5% growth this year depends on continued support for the unemployed and the launch of vaccines.”
“You’ll want to see real evidence that we have weathered the pandemic before adjusting for asset purchases.”
“The wisest thing now is to let the economy develop, be patient, don’t prejudge.”
“We are looking for persistent trends in inflation, rather than transitory ones.”
Market reaction
The US Dollar Index did not show an immediate reaction to these comments and was last seen gaining 0.4% on the day at 90.95.
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