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Fed Chairman Powell: Recovery Still Shaky and Far from Completion – Apr 28, 2021


Fed Chairman Powell: Recovery Still Shaky and Far from Completion – Apr 28, 2021 | Forex market news

04/28/2021fourteen

  • Now is not the time to start discussing phasing out asset purchases.

  • Service costs grew at a faster pace

  • Covid-19 infection is worrisome, but vaccination should allow return to more normal economic activity

  • Inflation is likely to continue to climb before slowing down

  • It seems unlikely that inflation will rise on a sustained basis amid an underutilized workforce

  • We will probably see temporary upward pressure on prices from rising costs

  • We will continue buying Treasury securities for $ 80 billion a month

  • The economy cannot fully recover until people have confidence that it is safe.

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