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Powell keeps eye on maximum employment, DMI symposium

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Powell keeps eye on maximum employment, DMI symposium

Friday 12 February 2021 – Vol.12 Ed.6.5

Commentary: Powell keeps eye on employment

By Mark Sobel in Washington

Academic circles and social media are raging with debates about President Joe Biden’s fiscal proposals. Some commentators argue they are too large and will generate inflation, with 10-year break-even inflation rates shooting up to 2.25%. Jay Powell, chairman of the Fed, entered this arena with a speech in New York, focusing on the Fed’s maximum employment objective and the labour market situation, defending its highly accommodative stance.

Read the full commentary on the website.

Meeting: DMI Symposium

Wednesday 28 April-Thursday 29 April

Building on OMFIF’s status as an independent think tank for central banks, the DMI has brought together policy-makers, technologists and financiers to push the boundaries of the discussion on practical and theoretical aspects of digital currencies and the future of capital markets. The inaugural DMI symposium takes these discussions to a new level, using our convening power within the central banking community and extensive network to advance trusted and efficient innovations in digital solutions.

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