The Fed will closely monitor a series of inflation measures, the governor of the Reserva Federal, Lael Brainard, As reported Reuters.
Featured statements
“Demand is coming back much faster than supply in some areas.”
“The dynamics of inflation do not change quickly.”
“If inflation persists, immoderately above target, I would not hesitate to use the Fed’s tools to gently steer it down.”
“As a result, we may see some permanently different work and housing patterns.”
“Some transient pressures in the housing market will ease over time.”
“The US economic recovery will be relatively strong compared to trading partners.”
“There are far fewer scars than we were initially concerned about.”
“Asset prices are high, you can’t stop that support just because the stock market is going up.”
Market reaction
The US Dollar Index It did not show an immediate reaction to these comments and was last seen losing 0.21% on the day at 90.09.
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