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.
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