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Powell repeats 'lot of slack in the labor market,' far from return to full employment
FED'S POWELL Q&A: REPEATS, 'LOT OF SLACK IN THE LABOR MARKET,' FAR FROM RETURN TO FULL EMPLOYMENT #Powell #federalreserve
— Mace News (@MaceNewsMacro) February 24, 2021
Added at 10:26am
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"How close it the economy to meeting the Fed's goals?" asks Rep. Patrick McHenry (R-NC)
— Nate DiCamillo (@Nate_DiCamillo) February 24, 2021
Powell: "We'll be purchasing assets at the current pace until we see substantial progress towards our goals, that's actual progress not forecast progress."
Added at 10:27am
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POWELL SAYS THIS WILL BE THE YEAR IN WHICH THE FED ENGAGES WITH PUBLIC ON DIGITAL DOLLAR
— Inara Bright (@InaraBright) February 24, 2021
Added at 10:29am
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POWELL SAYS COULD WELL NEED LEGISLATIVE AUTHORIZATION FOR DIGITAL DOLLAR
— *Walter Bloomberg (@DeItaone) February 24, 2021
Added at 10:41am
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Fed Chair Powell:
— DailyFX Team Live (@DailyFXTeam) February 24, 2021
- We want inflation expectations anchored at 2%, not below
- We live in a world with a lot of disinflationary pressures
- We believe we can and will get to 2%, may take longer than three years to do so#Fed $USD
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