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
