More from Fed's Clarida: Do not expect sustained upward inflation pressures

Author: Greg Michalowski | Category: Central Banks

Fed Board of Governor Clarida speaks to Chamber of Commerce

  • Sees asset market pricing as consistent with expectations for robust growth
  • Do not expects sustained upward inflation pressures
  • Fed as tools to achieve, keep inflation consistent with price stability mandate
  • Robust demand will generate sustained price pressure
  • Both inflation and employment well below the Fed's goals
  • Monetary policy cannot eliminate variation in inflation. It can keep expectations anchored
  • Fiscal policy support should accelerate pace of progress toward Fed goals him him
  • One reason that pre-– crisis wage gains did not push up inflation was productivity growth
  • Too soon to tell how productivity growth will change post Covid

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