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We are far from maximum employment

He Federal Reserve Chairman Jerome Powell, is delivering his remarks on the economic and political outlook at an online event hosted by the Princeton Bendheim Center for Finance.

Featured statements:

“At short term, as the pandemic recedes, there could be exuberant spending, upward pressure on prices.

“A single price increase is unlikely to mean persistently high inflation.”

“The inflation dynamics does not change rapidly“.

“We’re far from maximum employment“.

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