- Kansas City Fed president George: It's too early to discuss pulling back on accommodation given elevated unemployment and below-target inflation
Market news
25 February 2021
Kansas City Fed president George: It's too early to discuss pulling back on accommodation given elevated unemployment and below-target inflation
- Monetary policy is set to remain highly accommodative for some time
- Fed is positioned to patient as it follows outlook for the virus and the economy
- It is too early to discuss pulling back on accommodation given elevated unemployment, below-target inflation, and uncertainties surrounding the outlook
- Recent rise in long-term rates does not warrant a monetary policy response
- Much of the increase in yields reflects growing optimism in strength of the recovery
- Additional monetary stimulus could exacerbate the unevenness that has been the defining characteristic of the pandemic downturn
- Unemployment rate of 6.3% likely underestimates slack in labor market
- The stage is set for strong recovery once widespread vaccination is achieved
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page