Inflation is likely to see a temporary rise above 2% this yearNew York Fed Chairman John Williams said in an interview with the Wall Street Journal (WSJ).
Additional comments:
“Fed bond buying is an important part of monetary policy“.
“It is designed to help the economy recover from the impact of the pandemic.”
“No signs that bond buying is creating imbalances in the financial sector “.
“Higher valuations in stocks or the housing market are not seen as a significant risk to financial stability at this time.”
“I’m not going to draw a line on how high inflation could increase to promote a change in monetary policy. “
“The Fed has the ability to respond in case inflation rises to too high a level. “
“There is a need for strong support from monetary policy to guarantee recovery.”
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