Fed's Clarida: Higher inflation continuing into 2022 would be relevant for policy

Reuters2021-04-09

WASHINGTON, April 9 (Reuters) - If an expected jump in inflation this year does not reverse going into 2022 the Fed "will have to take that into account" in setting policy Federal Reserve vice chair ...

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Comments

JayTan
2021-04-12
JayTan
Like and comment
IvanAung
2021-04-12
IvanAung
What to say.
KFChen
2021-04-12
KFChen
As usual
Sweetypiekez
2021-04-12
Sweetypiekez
Ok
Sweetypiekez
2021-04-12
Sweetypiekez
Ok
Dummy_Inv
2021-04-12
Dummy_Inv
Like n comment
- Dummy_Inv:
  [得意]

Leave a comment

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In the risk case in which inflation were to begin to move above a level consistent with price stability, we would have the tools to address that and I am confident that we would.”\n\"If inflation at the end of the year has not declined from where it is in the middle of the year that will be some good evidence,\" that the Fed's current outlook is wrong, Clarida said.\n\"We would expect those (increases) to be transitory and as the year progresses and as we go into next year, if they are not then we will have to take that into account,\" he said.\nClarida's remarks, while acknowledging the Fed's risk in keeping interest rates low while prices rise, also sketch out a narrative for why the Fed feels safe doing so.\nThe upcoming round of price increases doesn't, in the current view, actually meet the Fed's goal of generating inflation above 2% because it won't persist long enough. While the most recent Fed projections see inflation reaching 2.4% this year, well above target, it falls back to 2% next year.\nIt is only in 2023 that inflation moves above 2%, to 2.1%, for reasons the Fed regards as more durable, such as the economy operating at or above capacity.\nIn the median Fed view, interest rates might rise some time after that.\nThe pandemic was \"a very unusual shock,\" Clarida said. Even with prices rising, \"there is still a hole in the labor market\" that needs to be fixed.\n\"We will begin to get a better sense as we go through this calendar year how rapid that progress is and how it is showing up in other indicators.\"\nOn another issue Clarida said that recent comments by System Open Market Account manager Lorie Logan about adjustments to the Fed's bond purchases were simply describing how current Fed policy is implemented, not announcing a change.\nThe Fed's monthly bond purchases attempt to reflect the U.S. Treasury's issuance of different types of securities, so when that changes the Fed has to adjust as well. It was not, he said, an effort to \"twist\" the purchases to influence particular interest rates.\n\"As the Treasury changes its issuance patterns of course we would adapt,\" Clarida said. \"I would not characterize it as operation twist.” (Reporting by Howard Schneider; Editing by Toby Chopra)","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":342392529,"gmtCreate":1618182485161,"gmtModify":1704707090896,"author":{"id":"3572397521268164","authorId":"3572397521268164","name":"JayTan","avatar":"https://static.tigerbbs.com/2df5c1d990871ccbfc0f26d4948532db","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342392529","repostId":1116967856,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342399409,"gmtCreate":1618181893801,"gmtModify":1704707084085,"author":{"id":"3579300278905475","authorId":"3579300278905475","name":"IvanAung","avatar":"https://static.tigerbbs.com/1a24371779f14f0f964eb414b9cf1812","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":0},"htmlText":"What to say.","listText":"What to say.","text":"What to say.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342399409","repostId":1116967856,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342304351,"gmtCreate":1618181246273,"gmtModify":1704707079060,"author":{"id":"3576990193651421","authorId":"3576990193651421","name":"KFChen","avatar":"https://static.tigerbbs.com/6830fa3fe8a82d29953fbb2e6153801e","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"As usual","listText":"As usual","text":"As usual","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342304351","repostId":1116967856,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342308809,"gmtCreate":1618180729301,"gmtModify":1704707074840,"author":{"id":"3573103186091047","authorId":"3573103186091047","name":"Sweetypiekez","avatar":"https://static.tigerbbs.com/eb7290e7fd1b4ad8ccc60002b2c103af","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342308809","repostId":1116967856,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342308303,"gmtCreate":1618180714502,"gmtModify":1704707074518,"author":{"id":"3573103186091047","authorId":"3573103186091047","name":"Sweetypiekez","avatar":"https://static.tigerbbs.com/eb7290e7fd1b4ad8ccc60002b2c103af","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342308303","repostId":1116967856,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342301465,"gmtCreate":1618180667957,"gmtModify":1704707074355,"author":{"id":"3567542871143851","authorId":"3567542871143851","name":"Dummy_Inv","avatar":"https://static.tigerbbs.com/f850aa031c5786464c443d2cd7ff5a1d","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"Like n comment&nbsp;","listText":"Like n comment&nbsp;","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/342301465","repostId":1116967856,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4010033,"gmtCreate":1618180681368,"gmtModify":1680783666568,"authorId":3567542871143851,"author":{"id":3567542871143851,"authorId":3567542871143851,"name":"Dummy_Inv","avatar":"https://static.tigerbbs.com/f850aa031c5786464c443d2cd7ff5a1d","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342301465,"type":1,"supId":0,"prevId":0,"content":"[得意]","text":"[得意]","html":"[得意]"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":161,"commentSize":20,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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