Fed's Kashkari: Vaccine news has been a positive surprise

Author: Adam Button | Category: Central Banks

Comments from the Minneapolis Fed

  • Economy has been more 'resilient' to covid because our tolerance for death is much higher than expected
  • Two pieces of good news are vaccine effectiveness and fiscal stimulus
  • Bad news is slow vaccine rollout
  • It's 'absolutely fine' if inflation goes a bit above 2%
The comments are in a virtual discussion and are ongoing.

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