- Analytics
- News and Tools
- Market News
- Fed's Clarida: Labour market is a lot tighter than it was during the last two recessions
Fed's Clarida: Labour market is a lot tighter than it was during the last two recessions
Fed Vice Chair Richard Clarida said on Tuesday that the labour market right now is a lot tighter than it was following the previous two recessions and that wages gains are healthy but not out of line with productivity, according to Reuters. Adverse supply shocks can be a challenge for monetary policy, he added, because they push up both inflation and unemployment.
Clarida will be replaced by Fed Governing Board member Lael Brainard as Vice Chairman of the Fed in Q1 2022.
Market Reaction
Clarida's remarks have not provoked any meaningful market reaction, given they don't add anything new to the policy debate.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
