- Fed's Chair Powell: I don't think uptick in inflation that's coming in the months ahead will be large or persistent
Market news
23 February 2021
Fed's Chair Powell: I don't think uptick in inflation that's coming in the months ahead will be large or persistent
- We expect inflation to temporarily move up on base effects
- Over time growth of balance sheet will slow but asset purchases will continue until substantial further prioress is seen
- If we get unwanted inflation, we have the tools to deal with it
- Doesn't see how a burst in fiscal support or spending would lead to high inflation
- Inflation dynamics do not change on a dime
- Does not seem likely that increase in spending would lead to large or persistent inflation
- Won't take a position in minimum wage debate
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