Fed’s Jefferson: One year too short for higher rates to fully affect demand – by MSalordFX Fed CentralBanks
Federal Reserve Governor Philip Jefferson said on Thursday that inflation remains too high. A the same time, he mentioned the lagged effects of“Despite heightened uncertainty, due to banking-sector stress, geopolitical instability, and the aftermath of the pandemic, I expect the economy to grow in the second quarter. The pace of growth, however, will be slower than what we observed in the first quarter, when real GDP increased at an annual rate of 1.1 percent.
“My expectation is that the slowing economy will soon begin to reduce job growth, with labor supply and labor demand coming into better balance.” “So what factors will I consider in the coming weeks as I contemplate the appropriate stance of monetary policy going forward? Over the next few weeks, we will receive a considerable amount of data on economic activity for April and May, including the employment report for May and a report on May CPI inflation.”
“History shows that monetary policy works with long and variable lags, and that a year is not a long enough period for demand to feel the full effect of higher interest rates.”The US Dollar is rising across the board boosted by Fed’s Logan comments and US data. The DXY is up by 0.55%, trading near 103.50, at the highest level since mid-March.Information on these pages contains forward-looking statements that involve risks and uncertainties.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Feds Arrest One-Time MMA Fighter for Storming the CapitolFederal authorities have arrested a one-time MMA fighter for his actions during the Jan. 6 Capitol riot, including allegedly trying to beat cops with a wooden pole.
続きを読む »
Nick Cannon Made Personalized Mother's Day Cards -- Gave Wrong One to One Baby Mama'The Masked Singer' host went out of his way to pen personalized messages to each of his six baby mamas to let them know how much he appreciates them for Mother's Day -- and then screwed it all up by getting the messages mixed up and giving one the wrong one.
続きを読む »
One-and-one free throws eliminated from high school basketballHigh school basketball games next season will feature a notable change, with one-and-one...
続きを読む »
St. Augustine Alligator farm rare tortoises thief arrested in St. Petersburg: One dead, one aliveMcCarty-Thomas has been reportedly charged by the St. Augustine Police Department with grand theft, and additional charges in multiple cities throughout the state, including stealing rare books and comic books. The endangered animals are estimated to be worth $10,000 each.
続きを読む »
New high school basketball rule to eliminate one-and-one free throwsStarting this upcoming season, two foul shots will be awarded when a team reaches five fouls in one quarter.
続きを読む »