Fed's Powell. Vaccinations, monetary policy and fiscal policy creates brighter outlook

Author: Greg Michalowski | Category: Central Banks

Feds Powell on IMF panel

  • Vaccinations, monetary policy and fiscal policy are creating a brighter outlook in the US
  • Wants to see a string of months like March jobs report
  • Unevenness in recovery is a serious issue
  • global vaccination is a risk to progress we are making
  • There is a risk in the US if cases move back up from here. Any pickup and cases will slow the recovery
  • Will the millions of people finding it hard to get back into the workforce. 
  • The post pandemic economy will be different than the one before the pandemic
  • There will be labor market scarring but have avoided a great deal of scarring so far
  • Fed needs to keep supporting the economy and we will
  • upward pressure on prices is likely
  • The move higher in prices is likely temporary
  • Fed is monitoring inflation expectations closely
  • Fed has the tools to combat inflation if needed

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