Market news
17.05.2021, 14:41

Fed's Vice Chairman Clarida: Most of price rises will be transitory but we have to be attuned and attentive to incoming data

  • We've in a very fluid period
  • It looks like the economy can pick up speed this year
  • We could have 6-7% GDP growth this year
  • April employment report was very disappointing
  • It may take more time to reopen a $20-trillion economy than to shut it down
  • If data threaten to put inflation expectations higher, the Fed would act
  • Baseline view is that achieving maximum employment will not put undue pressure on prices

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