Fed's Kashkari says many U.S. sectors struggling to adjust to reopening | Forex Factory

  • Fed's Kashkari says many U.S. sectors struggling to adjust to reopening

    From finance.yahoo.com

    Minneapolis Federal Reserve President Neel Kashkari said many U.S. economic sectors faced rapidly rising prices and were struggling to adjust to reopening after the shutdown. "Basically, what's happening is the U.S. economy went through a very abrupt shutdown a year ago," Kashkari told NPR in an interview published on Saturday. "And now it's going through a reopening, and you're seeing many sectors of the economy struggle to make that adjustment." Kashkari said he agreed with Federal Reserve Chair Jerome Powell that the economy will return to a more normal pricing environment once it adjusts to the reopening. "I'm ... (full story)

Comment Options
Banditten
Jul 18, 2021 2:10pm
Permalink
The thing is that nobody have ever seen such experiment before. Answers cannot be found in the past. We all hope for the best.
Reply
anubieonly
Jul 18, 2021 3:29am
Permalink
nah
Reply
LloydOz
Jul 18, 2021 12:28pm
Permalink
"I'm not seeing any evidence yet that we're going to have sustained high inflation beyond this reopening period, whether that's six months or a year or 18 months. I'm not sure," Kashkari said.

Well dudes, ya not trying hard enough. Get with the program and pump more money.
Reply
LloydOz
Jul 19, 2021 2:25am
Permalink
Quoting Banditten
The thing is that nobody have ever seen such experiment before. Answers cannot be found in the past. We all hope for the best.
I don't understand this comment. What am I missing?
Reply
  • Story Stats