- Fed's Vice Chairman Clarida: Most of price rises will be transitory but we have to be attuned and attentive to incoming data
Market news
17 May 2021
Fed's Vice Chairman Clarida: Most of price rises will be transitory but we have to be attuned and attentive to incoming data
- We've in a very fluid period
- It looks like the economy can pick up speed this year
- We could have 6-7% GDP growth this year
- April employment report was very disappointing
- It may take more time to reopen a $20-trillion economy than to shut it down
- If data threaten to put inflation expectations higher, the Fed would act
- Baseline view is that achieving maximum employment will not put undue pressure on prices
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