Powell Sees ‘Highly Desirable’ Gains Behind Modest Fed Jobs View

Bloomberg2021-03-24

Fed chair plays down higher yields, pins on brighter outlook Sees inflation advancing this year but it will be temporary Jerome Powell Photographer: Susan Walsh/AP/Bloomberg Federal Reserve Chair ...

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Comments

KWHChye
2021-03-25
KWHChye
Pls say something better
pennylks
2021-03-25
pennylks
Be fearful then [捂臉]
David938
2021-03-25
David938
Life goes on..
ahswee
2021-03-25
ahswee
Did his comments cause the sea of red?!?!
T2021073008
2021-03-25
T2021073008
Lol I see red nia cmn!
Boiboi92
2021-03-25
Boiboi92
Nice

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That would be the fastest pace since 1983 when measured fourth quarter over the same three months a year earlier and would follow a 2.4% contraction in 2020 as a result of the pandemic.\nInflation, as calculated by the personal consumption expenditures price index, is seen in the Fed’s median forecast as ending 2021 at 2.4% but slowing to 2% next year. It clocked in at 1.5% in January.\nPowell said prices would probably rise due to so-called base effects as very low readings from last year fall out of the calculation, along with some pressure from pent-up spending and supply-chain bottlenecks.\nBut this shift is expected to be temporary and the long period of low inflation in the U.S. would keep price pressures in check.\n“Long term we think the inflation dynamics we have seen for a quarter century are still intact,” he said. Powell added that if this prediction provided not to be the case, the Fed has tools to tackle unwanted inflation and would use them.\nPowell appeared before the committee along with Treasury Secretary Janet Yellen as part of congressional oversight of the government’s response to the pandemic. Both policy makers testified before the House Financial Services panel on Tuesday.\nFed officials held interest rates near zero last week and said they’d maintain their massive bond-buying campaign at a $120 billion monthly pace until “substantial further progress” had been achieved on their goals for employment and inflation.\nLong-term interest rates have shot higher this year on expectations of faster economic growth, higher inflation and increased supply of Treasury debt from the government’s stimulus programs.\nAsked about the rise in 10-year Treasury yields, Powell said this reflected a brighter economic outlook as vaccination roll-out accelerates and was not cause for concern.\n“That has been an orderly process. I would be concerned if it had not been an orderly process,” he said.","kind":null,"is_publish_news":true,"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":351769847,"gmtCreate":1616634179689,"gmtModify":1704796667670,"author":{"id":"3559643628960690","authorId":"3559643628960690","name":"KWHChye","avatar":"https://static.tigerbbs.com/ff28c38f154930713b0a64f6389191d8","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Pls say something better&nbsp;","listText":"Pls say something better&nbsp;","text":"Pls say something better","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351769847","repostId":1175341082,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":351736489,"gmtCreate":1616632376741,"gmtModify":1704796633261,"author":{"id":"3555215639459584","authorId":"3555215639459584","name":"pennylks","avatar":"https://static.tigerbbs.com/c5e533518442ff5dcef4ca721565f9c9","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Be fearful then&nbsp;[捂臉]&nbsp;","listText":"Be fearful then&nbsp;[捂臉]&nbsp;","text":"Be fearful then [捂臉]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351736489","repostId":1175341082,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":351791161,"gmtCreate":1616631650953,"gmtModify":1704796615387,"author":{"id":"3576068168231296","authorId":"3576068168231296","name":"David938","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Life goes on..","listText":"Life goes on..","text":"Life goes on..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351791161","repostId":1175341082,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":351701221,"gmtCreate":1616631032663,"gmtModify":1704796603351,"author":{"id":"3569301571685332","authorId":"3569301571685332","name":"ahswee","avatar":"https://static.tigerbbs.com/9df9d1562760402e99c23de8c7a82773","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Did his comments cause the sea of red?!?!","listText":"Did his comments cause the sea of red?!?!","text":"Did his comments cause the sea of red?!?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351701221","repostId":1175341082,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":351475258,"gmtCreate":1616630702874,"gmtModify":1704796593759,"author":{"id":"3573120478211201","authorId":"3573120478211201","name":"T2021073008","avatar":"https://static.tigerbbs.com/14b8430a289443f02b32c8c00831b59e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Lol I see red nia cmn!&nbsp;","listText":"Lol I see red nia cmn!&nbsp;","text":"Lol I see red nia cmn!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351475258","repostId":1175341082,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":351472318,"gmtCreate":1616630638434,"gmtModify":1704796591443,"author":{"id":"3575507656991045","authorId":"3575507656991045","name":"Boiboi92","avatar":"https://static.tigerbbs.com/0d7352ff6e9c98c45e683ce37832d46e","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351472318","repostId":1175341082,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":136,"commentSize":43,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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