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Powell: Possibility inflation could be quite low going forward
*POWELL: POSSIBILITY INFLATION COULD BE QUITE LOW GOING FORWARD
— lemasabachthani (@lemasabachthani) June 16, 2021
Added at 2:14pm
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) June 16, 2021
- We expect the current high inflation readings will begin to decline
- In inflation expectations increase, contrary to our base case, we will take steps to reduce them
Added at 2:17pm
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POWELL: BASE CASE IS CURRENT INFLATION IS DRIVEN BY REOPENING
— AceMarketU.com (@AceMarketU) June 16, 2021
Added at 2:20pm
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) June 16, 2021
- Inflation will be higher by 2023, according to the Fed, due to high jobs
- For next year, we are looking at an economy that will not have the same degree of fiscal support
Added at 2:22pm
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) June 16, 2021
- 2022 will be a really good year, with substantial job development as a result of growth
- Forecasts show that next year will be a fantastic year
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