“The Federal Reserve is quite capable of controlling inflation; the questions are always around at what point and how much“The President of the Federal Reserve Bank of Kansas City said Tuesday, Esther George, as reported by Reuters.
Featured statements:
“We will have to think about the sustainability of the fiscal debt in the future, but the focus now should be on the short term.”
“If inflation rises above 2%, the Fed will not react“.
“The unemployment rate of 3.5% will be an indicator for the Fed while watching the job market develop. “
“Thinking about how low unemployment can go will depend on how strong the economy can get back.”
“We will be attentive to the implications of the new administration’s policies on employment, inflation and long-term growth. “
Market reaction
The US Dollar Index extended its slide after these comments and was last seen losing 0.3% daily at 90.20.
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