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Fed's Waller: Fed should start tapering asset purchases following its November meeting
FED'S WALLER: FED SHOULD START TAPERING ASSET PURCHASES FOLLOWING ITS NOVEMBER MEETING #News #Forex #FED
— Capital Hungry (@Capital_Hungry) October 19, 2021
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The Economic Outlook and a Cautionary Tale on “Idiosyncratic” Price Changes and Inflation
Thank you to the institute for the opportunity to speak to you. Today my goal is to explain my outlook for the U.S. economy as well as how that perspective shapes my views on the appropriate approach to monetary policy.1 I have three points I would like you to take away from my comments. First, while there has been a significant slowdown in third quarter gross domestic product (GDP) growth, it should rebound in the first half of 2022. Second, I believe that substantial progress has been made on both the inflation and employment legs of our dual mandate. Hence, I believe that we should soon commence tapering our asset ... (full story)
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Fed's Waller:
— DailyFX Team Live (@DailyFXTeam) October 19, 2021
- We have recovered 85% of jobs lost during the pandemic, excluding retirees
- Substantial further progress has been made on inflation and employment
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FED'S WALLER: I WILL FAVOR AN EARLIER LIFTOFF IF INFLATION RUNS CONSIDERABLY ABOVE 2% WELL INTO 2022.
— Breaking Market News (@financialjuice) October 19, 2021