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Brainard: U.S. Economic Outlook and Monetary Policy: An Update
It has been one year since the first wave of the COVID-19 pandemic hit our shores—a year marked by heartbreak and hardship. We are all looking forward to a brighter time ahead, when vaccinations are widespread, the recovery is broad based and inclusive, and services, schools, sports, and social life are in person. The expected path of the U.S. economy has strengthened with the prospect of widespread vaccinations and additional fiscal stimulus, but risks remain, and we are currently far from our goals. Current Situation After a dark winter with elevated case counts and setbacks on service-sector jobs, case counts ... (full story)
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Fed's Brainard:
— DailyFX Team Live (@DailyFXTeam) March 2, 2021
- Expected path of the US economy has strengthened with the prospect of vaccinations and fiscal stimulus
- Risks still remain and we are currently far from our goals#Fed $USD
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BRAINARD SAYS EXPECTED PRICE HIKES IN SPRING LIKELY TO BE TRANSITORY, NOT REFLECT THE SORT OF PERSISTENT MOVE IN INFLATION FED IS SEEKING #News #Forex #FED #INFLATION
— Capital Hungry (@Capital_Hungry) March 2, 2021
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Fed's Brainard:
— DailyFX Team Live (@DailyFXTeam) March 2, 2021
- There is no reason to expect an enduring jump in inflationary pressures
- Inflation remains low but expectations have moved closer to 2%
- The Fed has the necessary tools and will act if inflation rises immoderately #Fed $USD
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Fed's Brainard:
— DailyFX Team Live (@DailyFXTeam) March 2, 2021
- Even after economic conditions warrant liftoff, changes in the policy rate are likely to be gradual
- Asset purchases will continue at least at their current pace until substantial further progress has been made towards Fed's goals#Fed $USD
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