Kansas City Fed George: Generally optimistic for continued economic recovery

Author: Greg Michalowski | Category: Central Banks

Kansas City Fed Pres. Mester George speaking

  • Generally optimistic for continued economic recovery 
  • Accommodative monetary policy stance is appropriate
  • Too soon to speculate on timing of any change to stance
  • Consumers ready to spend, businesses to rebuild inventories once virus clears and daily decision-making returns to normal
  • Vaccination delays now among the most substantial risks facing US recovery
  • Inflation could hit Fed's target more quickly than some might expect after the pandemic, though not a near-term threat.
George is being cautious on policy changes although acknowledges inflation could rise more quickly.  
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