Fed won't react to temporary rise in inflation this year: Official - Hindustan Times
close_game
close_game

Fed won't react to temporary rise in inflation this year: Official

Reuters |
Apr 01, 2021 10:17 PM IST

"As policymakers we have to look through these temporary increases; we're really looking for sustained improvements in inflation so we can average 2% and meet our price stability goals," Daly said

San Francisco Federal Reserve Bank President Mary Daly on Thursday said the US central bank will keep monetary policy easy despite what she said will be an increase this year in prices as the economy reopens more fully and households spend more.

San Francisco Federal Reserve Bank President Mary Daly on Thursday said the US central bank will keep monetary policy easy(PTI File Photo)
San Francisco Federal Reserve Bank President Mary Daly on Thursday said the US central bank will keep monetary policy easy(PTI File Photo)

"As policymakers we have to look through these temporary increases; we're really looking for sustained improvements in inflation so we can average 2% and meet our price stability goals," Daly said in an interview with Fox Business Network.

Hindustan Times - your fastest source for breaking news! Read now.

"We still have almost 10 million people on the sidelines looking for jobs... we really aren't projecting achieving either side of our dual mandate in 2021 and that's why policy is remaining accommodative."

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On