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Clarida: U.S. Economic Outlook and Monetary Policy
It is my pleasure to meet virtually with you today at the 2021 Institute of International Finance (IIF) Washington Policy Summit.1 I regret that we are not doing this session in person, but I do hope next time we will be gathering together in Washington. I look forward, as always, to a conversation with my good friend and one-time colleague Tim Adams, but first, please allow me to offer a few remarks on the economic outlook, Federal Reserve monetary policy, and our new monetary policy framework. In the second quarter of last year, the COVID-19 pandemic and the mitigation efforts put in place to contain it delivered ... (full story)
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FED'S CLARIDA SAYS U.S. ECONOMY MUCH MORE RESILIENT THAN FORECAST A YEAR AGO #News #Forex #US
— Capital Hungry (@Capital_Hungry) March 25, 2021
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Fed's Clarida:
— DailyFX Team Live (@DailyFXTeam) March 25, 2021
- Job market has improved, but 9.5mln jobs are still missing
- It will take some time to restore economy to pre-virus levels#Fed $USD
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Fed's Clarida:
— DailyFX Team Live (@DailyFXTeam) March 25, 2021
- Fed is committed to using its full range of tools
- Sees inflation at or slightly above 2% in 2022 and 2023
- Expecting temporary rise in inflation above 2% this year, most of this increase will be transitory#Fed $USD