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Fed's Powell says we are a long way from a full recovery
FED'S POWELL SAYS WE ARE A LONG WAY FROM A FULL RECOVERY
— First Squawk (@FirstSquawk) January 27, 2021
Added at 2:46pm
Added at 2:55pm
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Fed Chair Powell:
— DailyFX Team Live (@DailyFXTeam) January 27, 2021
-Coming months' rise in inflation will be transient
-We will be patient and not react when we see modest bumps in inflation
-Very unlikely that we'll see troubling inflation
-Not going to adopt a formula on inflation
Added at 2:58pm
Added at 3:05pm
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-Global forces holding down inflation are still in effect.
— ForexFlow (@forexflowlive) January 27, 2021
-We don't expect inflation dynamics to change in the near-term.
-More concerned about the recovery than inflation.
-We would welcome slightly higher inflation.$USD #Fed https://t.co/8z7ejXQNaq
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